|   | Form 10-QSB |   |
|--------|-------------|--------|

|   |
|--------|

|   | SECURITIES AND EXCHANGECOMMISSION Washington, D.C. |   |
|--------|----------------------------------------------------|--------|

|   |
|--------|

|   | [ X ]  Quarterly Report Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934 For the quarterly period ended September 30, 2005 |   |
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| OR |
|----|

|   | [   ]  Transition Report Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934 For the transition period from _______ to _______. |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   |
|--------|

|   | Commission File No. 0-31765 |   |
|--------|-----------------------------|--------|

|   |
|--------|

|   | Tabatha IV, Inc.                                                 |   |
|--------|------------------------------------------------------------------|--------|
|   | (Exact Name of Small Business Issuer as Specified in itsCharter) |   |

|   | COLORADO |   | 84-1536520 |   |
|--------|----------|--------|------------|--------|

|   | (State or Other Jurisdiction ofincorporation or organization) |   | (I.R.S. Employer IdentificationNumber) |   |
|--------|---------------------------------------------------------------|--------|----------------------------------------|--------|

|   | 2735 Villa Creek, Suite 175, Dallas, Texas 75234 |   |
|--------|--------------------------------------------------|--------|

|   | (Address of Principal Executive Offices, including Zip Code) |   |
|--------|--------------------------------------------------------------|--------|

|   | (469) 522-6222 |   |
|--------|----------------|--------|

|   | (Issuer’s telephone number, including area code) |   |
|--------|--------------------------------------------------------|--------|

|   |
|--------|

| Indicate by check mark whether Registrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter period that Registrant has been required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days: Yes [  ]     No [ X ] |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 ofthe Exchange Act): Yes [  ]     No [ X ] |
|---------------------------------------------------------------------------------------------------------------------------------------|

| Indicate the number of shares outstanding of each of the issuer’s classes of common stock asof the latest practicable date: |
|-----------------------------------------------------------------------------------------------------------------------------------|

|   | Class |   | Outstanding as of 3-16-06 |   |
|--------|-------|--------|---------------------------|--------|

|   | Common Stock, no par value |   | 75,812,500 |   |
|--------|----------------------------|--------|------------|--------|

|         |
|--------------|
| <PAGE> |
|         |

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

|   |
|--------|

| Item 1.  Financial Statements. |   |
|--------------------------------|--------|

|   |
|--------|

| INDEX TO CONSOLIDATED FINANCIAL STATEMENTS |
|--------------------------------------------|
| Tabatha IV, Inc.                           |

|   |   | Page |
|--------|--------|------|

|   | Consolidated Balance Sheet as of September 30, 2005 (unaudited), and June 30,2005 | 3 |
|--------|-----------------------------------------------------------------------------------|---|

|   | Consolidated Statement of Operations for the Three Months Ended September30, 2005 (unaudited) | 4 |
|--------|-----------------------------------------------------------------------------------------------|---|

|   | Consolidated Statement of Cash Flows for the Three Months Ended September30, 2005 (unaudited) | 5 |
|--------|-----------------------------------------------------------------------------------------------|---|

|   | Notes to Financial Statements | 7 |
|--------|-------------------------------|---|

|         |
|--------------|
| <PAGE> |
|         |

|   | TABATHA IV, INC. |   |
|--------|------------------|--------|

|   | CONSOLIDATED BALANCE SHEET |   |
|--------|----------------------------|--------|

|   |
|--------|

| ASSETS |
|--------|

|   |   | 9/30/05(unaudited) |   | 6/30/05 |
|--------|--------|--------------------|--------|---------|

| CURRENT ASSETS |
|----------------|

|   | Cash and cash equivalents | $20,292 |   | $35,790 |
|--------|---------------------------|---------|--------|---------|

|   | Accounts receivable | - |   | 8,403 |
|--------|---------------------|---|--------|-------|

|   | Prepaid expenses and other current assets | 16,918 |   | 8,630 |
|--------|-------------------------------------------|--------|--------|-------|

|   | Factor Reserve | 19,788 |   | 4,231 |
|--------|----------------|--------|--------|-------|

|   | Total current assets | 56,998 |   | 57,054 |
|--------|----------------------|--------|--------|--------|

| Fixed assets, net of accumulated depreciation of $5,794 and$2,924 | 41,724 |   | 44,594 |
|-------------------------------------------------------------------|--------|--------|--------|

| Other assets | 7,842 |   | 7,494 |
|--------------|-------|--------|-------|

|   | Total assets | $106,564 |   | $109,142 |
|--------|--------------|----------|--------|----------|

| LIABILITIES AND SHAREHOLDERS’ DEFICIT |
|---------------------------------------------|

| CURRENT LIABILITIES |
|---------------------|

|   | Current maturities of long-term debt | 7,841 |   | 7,841 |
|--------|--------------------------------------|-------|--------|-------|

|   | Accounts payable and accrued liabilities | 85,024 |   | 83,859 |
|--------|------------------------------------------|--------|--------|--------|

|   | Advances from shareholder | 120,295 |   | 110,491 |
|--------|---------------------------|---------|--------|---------|

|   | Total current liabilities | 213,160 |   | 202,191 |
|--------|---------------------------|---------|--------|---------|

| Long-term debt, less current maturities | 25,929 |   | 27,738 |
|-----------------------------------------|--------|--------|--------|

|   | Total liabilities | 239,089 |   | 229,929 |
|--------|-------------------|---------|--------|---------|

| SHAREHOLDERS’ DEFICIT |
|-----------------------------|

|   | Preferred stock, no par value, 10,000,000 sharesauthorized, no shares issued and outstanding | - |   | - |
|--------|----------------------------------------------------------------------------------------------|---|--------|---|

|   | Common stock, no par value; 100,000,000 sharesauthorized, 75,712,500 and 74,837,500 shares issuedand outstanding at September 30, 2005, and June 30,2005, respectively | 88,500 |   | 1,000 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------|

|   | Accumulated deficit | (221,025) |   | (121,787) |
|--------|---------------------|-----------|--------|-----------|

|   | Total shareholders’ deficit | (132,525) |   | (120,787) |
|--------|-----------------------------------|-----------|--------|-----------|

|   | Total liabilities and shareholders’ deficit | $106,564 |   | $109,142 |
|--------|---------------------------------------------------|----------|--------|----------|

|   |
|--------|

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

|         |
|--------------|
| <PAGE> |
|         |

|   | TABATHA IV, INC. |   |
|--------|------------------|--------|

|   | CONSOLIDATED STATEMENT OFOPERATIONS |   |
|--------|-------------------------------------|--------|

| For the Three Months Ended September 30, 2005 |
|-----------------------------------------------|

|   |
|--------|

| STAFFING REVENUES | $318,167 |   |
|-------------------|----------|--------|

| COST OF SERVICES | 264,643 |   |
|------------------|---------|--------|

| GROSS PROFIT               | 53,524  |   |
|----------------------------|---------|--------|
| GENERAL AND ADMINISTRATIVE | 132,329 |   |

| OPERATING LOSS | (78,805) |   |
|----------------|----------|--------|

| OTHER EXPENSES |   |   |
|----------------|--------|--------|

|   | Interest and other revenue, net | 615 |   |
|--------|---------------------------------|-----|--------|

|   | Interest expense | (17,575) |   |
|--------|------------------|----------|--------|

|   | Depreciation and amortization | (3,473) |   |
|--------|-------------------------------|---------|--------|

|   | NET LOSS | $(99,238) |   |
|--------|----------|-----------|--------|

|   |
|--------|

| Net loss per share |   |   |   |   |   |
|--------------------|--------|--------|--------|--------|--------|

|   | Basic and diluted | $(.00) |   |
|--------|-------------------|--------|--------|

| Weighted average number of sharesoutstanding |   |   |   |   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|

|   | Basic and diluted | 75,041,667 |   |
|--------|-------------------|------------|--------|

|   |
|--------|

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

|         |
|--------------|
| <PAGE> |
|         |

|   | TABATHA IV, INC. |   |
|--------|------------------|--------|

|   | CONSOLIDATED STATEMENT OF CASHFLOWS |   |
|--------|-------------------------------------|--------|

| For the Three Months Ended September 30, 2005 |
|-----------------------------------------------|

|   |
|--------|

| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |
|--------------------------------------|--------|--------|

|   | Net loss | $(99,238) |   |
|--------|----------|-----------|--------|

|   | Adjustments to reconcile net loss to net cash used for operatingactivities: |   |   |
|--------|-----------------------------------------------------------------------------|--------|--------|

|   | Depreciation and amortization expense | 3,473 |   |
|--------|---------------------------------------|-------|--------|

|   | Changes in operating assets and liabilities: |   |   |
|--------|----------------------------------------------|--------|--------|

|   | Increase in prepaid expenses | (8,288) |   |
|--------|------------------------------|---------|--------|

|   | Increase in accounts receivable and factor reserve | (7,154) |   |
|--------|----------------------------------------------------|---------|--------|

|   | Increase in accounts payable and accrued liabilities | 1,165 |   |
|--------|------------------------------------------------------|-------|--------|

| Net cash used for operating activities | (110,042) |   |
|----------------------------------------|-----------|--------|

| NET CASH USED FOR FINANCING ACTIVITIES |   |   |
|----------------------------------------|--------|--------|

|   | Capital expenditures | (951) |   |
|--------|----------------------|-------|--------|

| Net cash used for investing activities | (951) |   |
|----------------------------------------|-------|--------|

| CASH FLOWS FROM FINANCING ACTIVITIES |   |   |
|--------------------------------------|--------|--------|

|   | Issuance of common stock | 87,500 |   |
|--------|--------------------------|--------|--------|

|   | Payments on note payable | (1,809) |   |
|--------|--------------------------|---------|--------|

|   | Net advances from shareholder | 9,804 |   |
|--------|-------------------------------|-------|--------|

| Net cash provided by financing activities | 95,495 |   |
|-------------------------------------------|--------|--------|

| Net change in cash and cash equivalents | (15,498) |   |
|-----------------------------------------|----------|--------|

| Cash and cash equivalents at beginning of period | 35,790 |   |
|--------------------------------------------------|--------|--------|

| Cash and cash equivalents at end of period | $20,292 |   |
|--------------------------------------------|---------|--------|

|   |
|--------|

|   | Interest paid | $17,575 |   |
|--------|---------------|---------|--------|

|   | Taxes paid | - |   |
|--------|------------|---|--------|

|   |
|--------|

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

|         |
|--------------|
| <PAGE> |
|         |

|   | TABATHA IV, INC. |   |
|--------|------------------|--------|

|   | NOTES TO FINANCIAL STATEMENTS |   |
|--------|-------------------------------|--------|

|   | September 30,2005 (unaudited) |   |
|--------|-------------------------------|--------|

|   |
|--------|

| NOTEA | Management’s Representation of Interim Financial Information |
|-------|--------------------------------------------------------------------|

| The accompanying financial statements have been prepared by Tabatha IV, Inc. without audit,pursuant to the rules and regulations of the SEC.  Certain information and footnote disclosuresnormally included in financial statements prepared in accordance with generally acceptedaccounting principles have been condensed or omitted as allowed by such rules andregulations, and management believes that the disclosures are adequate to make theinformation presented not misleading.  These financial statements include all of theadjustments which, in the opinion of management, are necessary to a fair presentation offinancial position and results of operations.  All such adjustments are of a normal andrecurring nature.  These financial statements should be read in conjunction with the auditedfinancial statements at June 30, 2005. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| NOTEB | Sales of Common Stock |
|-------|-----------------------|

| During the three months ended September 30, 2005, Tabatha IV sold 875,000 shares of itscommon stock for $.10 per share and received cash proceeds of $87,500. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|         |
|--------------|
| <PAGE> |
|         |

| FORWARD-LOOKING STATEMENTS |
|----------------------------|

| This report by Tabatha IV, Inc. contains forward-looking statements. These are statementsregarding financial and operating performance and results and other statements that are nothistorical facts. The words "expect", "project", "estimate", "believe", "anticipate", "intend","plan", "forecast" and similar expressions are intended to identify forward-looking statements.Certain important risks could cause results to differ materially from those anticipated by someof the forward-looking statements.  We do not intend to update forward-looking statements. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations. |
|-----------------------------------------------------------------------------------------------------|

| FORWARD-LOOKING STATEMENTS |
|----------------------------|

| This report by Tabatha IV, Inc. contains forward-looking statements. These are statementsregarding financial and operating performance and results and other statements that are nothistorical facts. The words "expect", "project", "estimate", "believe", "anticipate", "intend","plan", "forecast" and similar expressions are intended to identify forward-looking statements.Certain important risks could cause results to differ materially from those anticipated by someof the forward-looking statements. Some, but not all, of the important risks that could causeactual results to differ materially from those suggested by the forward-looking statementsinclude, among other things: |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | Whether or not we can successfully compete in our chosen markets; |
|---|-------------------------------------------------------------------|

| - | Whether we are able to obtain adequate capital with which to pursue our full businessplan; and |
|---|------------------------------------------------------------------------------------------------|

| - | Other uncertainties, all of which are difficult to predict and many of which are beyondour control. |
|---|-----------------------------------------------------------------------------------------------------|

| We do not intend to update forward-looking statements. |
|--------------------------------------------------------|

| You should read the following discussion in conjunction with our consolidated financialstatements and related notes included elsewhere in this annual report.  Historical results are notnecessarily indicative of trends in operating results for any future period. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Background |
|------------|

| On May 13, 2005, there occurred a change in control of Tabatha IV, Inc.  On that date, wecompleted the acquisition of all of the outstanding capital stock of Humanity Capital, Inc., aTexas corporation, pursuant to an agreement and plan of reorganization.  We issued67,500,000 shares, or approximately 90%, of our common stock to the sole shareholder ofHumanity Capital, in exchange for the capital stock of Humanity Capital acquired by us.Following this change-in-control transaction, our then-directors resigned and our new board ofdirectors was installed. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| In determining the number of shares of our common stock issued to the shareholder ofHumanity Capital, our board of directors did not employ any standard valuation formula or anyother standard measure of value.  Rather, the number shares issued to the shareholder ofHumanity Capital was determined through arm’s-length negotiations. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| For accounting purposes, the acquisition of Humanity Capital will be treated as a reverseacquisition and, therefore, will be treated as an acquisition of Tabatha IV, Inc. and arecapitalization of Humanity Capital, Inc. (now a subsidiary of Tabatha IV, Inc.). |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Change in Business |
|--------------------|

| Prior to May 13, 2005, we had no active business operations.  Currently, through oursubsidiary, Humanity Capital, we provide temporary staffing services to the light industrial,hospitality and restaurant industries in the Dallas/Fort Worth, Texas, metro area.  HumanityCapital has provided its temporary staffing services since its inception in February 2005. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Critical Accounting Policies and Estimates |
|--------------------------------------------|

| There have been no recent changes to our critical accounting policies. |
|------------------------------------------------------------------------|

| Management's Discussion and Analysis discusses the results of operations and financialcondition as reflected in our financial statements, which have been prepared in accordancewith accounting principles generally accepted in the United States of America. The preparationof financial statements in conformity with accounting principles generally accepted in theUnited States of America requires management to make estimates and assumptions that affectthe reported amounts of assets and liabilities,  disclosure of contingent assets and liabilities atthe date of the financial statements and reported amounts of revenues and expenses during thereporting period. On an ongoing basis, management evaluates its estimates and judgments,including those related to accounts receivable, inventory valuation, amortization andrecoverability of long-lived assets,  including  goodwill,  litigation accruals and revenuerecognition. Management bases its estimates and judgments on our historical experience andother relevant factors, the results of which form the basis for making judgments about thecarrying values of assets and liabilities that are not readily apparent from other sources. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| While we believe that the historical experience and other factors considered provide ameaningful basis for the accounting  policies applied in the preparation of our consolidatedfinancial statements, we cannot guarantee that our estimates and assumptions will be accurate.If such estimates and assumptions prove to be inaccurate, we may be required to makeadjustments to these estimates in future periods. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Controls and Procedures |
|-------------------------|

| Our Chief Financial Officer has reviewed and evaluated the effectiveness of our disclosurecontrols and procedures (as defined in the Securities Exchange Act of 1934 Rules240.13a-14(c) and 15d-14(c)) as of the end of the period covered by this report and hasconcluded that such disclosure controls and procedures are effective in timely alerting him andother members of management to material information about our company required to bedisclosed by us in our periodic reports that we file or submit under the Securities ExchangeAct of 1934. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| There have not been any significant changes in our internal controls over financial reporting(as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of1934) during the past fiscal year that have materially affected, or are reasonably likely tomaterially affect, our internal control over financial reporting. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Overview |
|----------|

| We provide temporary staffing services to the light industrial, hospitality and restaurantindustries in the Dallas/Fort Wort, Texas, metro area.  Our overall operating results aredependent on the number of worksite employees paid and can be measured in terms ofrevenues, payroll costs, gross profit or operating income per worksite employee per month.However, since we are a new company, having operated for less than one year, our operatingresults to date have been negatively impacted by costs relating to the start-up of our business.These start-up costs can be expected to affect our operating results through the end of ourcurrent fiscal year ending June 30, 2006. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| For the month of September 2005, our average gross profit per worksite employee was $152and our weekly average number of worksite employees was 146.  We intend to increase oursales force during each quarter of calendar 2006, with the intention of increasing our total ofworksite employees. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Revenues. |
|--------|-----------|

|   | We account for our revenues in accordance with Emerging Issues Task Force (“EITF”)99-19, “Reporting Revenues Gross as a Principal Versus Net as an Agent”.  Ourrevenues are derived from our gross billings, which are based on: |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | the payroll cost of our worksite employees; and |
|---|-------------------------------------------------|

| - | a markup computed as a percentage of the payroll cost. |
|---|--------------------------------------------------------|

|   | In determining the pricing of the markup component of the gross billings, we considerour estimates of the costs directly associated with our worksite employees, includingpayroll taxes and workers’ compensation costs, plus an acceptable gross profit margin.We invoice the gross billings concurrently with each periodic payroll of our worksiteemployees.  Revenues, which exclude the payroll cost component of gross billings, arerecognized ratably over the payroll period as worksite employees perform their serviceat the client worksite.  We include revenues that have been recognized but not invoicedin unbilled accounts receivable on our Consolidated Balance Sheets. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Our revenues are primarily dependent on the number of our client companies and theresulting number of worksite employees paid each period.  Because our markup iscomputed as a percentage of payroll cost, revenues are also affected by the payroll costof worksite employees, which can fluctuate based on the composition of the worksiteemployee base and inflationary effects, if any, on wage levels. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Direct Costs. |
|--------|---------------|

|   | The primary direct costs associated with our revenue generating activities are: |
|--------|---------------------------------------------------------------------------------|

| - | employment-related taxes (“payroll taxes”); and |
|---|-------------------------------------------------------------|

| - | workers’ compensation claim costs. |
|---|------------------------------------------|

|   | Payroll taxes consist of the employer’s portion of Social Security and Medicare taxesunder FICA, federal unemployment taxes and state unemployment taxes.  Payroll taxesare generally paid as a percentage of payroll cost.  The federal tax rates are defined byfederal regulations.  The Texas unemployment tax rate is subject to claim histories. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Our gross profit per worksite employee is determined in part by our ability to estimateaccurately and control direct costs and our ability to incorporate changes in these costsinto the gross billings charged to our client companies, which are subject to contractualarrangements that typically renew monthly.  Gross profit is also affected by the markupportion of gross billings, which is calculated based on a percentage of worksiteemployee payroll cost, and our direct cost structure.  We use gross profit per worksiteemployee per month as our principal measurement of relative performance at the grossprofit level. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Operating Expenses. |
|--------|---------------------|

|   | Salaries, wages and payroll taxes. |
|--------|------------------------------------|

|   | Salaries, wages and payroll taxes are primarily a function of the number ofcorporate employees and their associated average pay and any additional incentivecompensation. Our corporate employees primarily include client services, sales andmarketing, benefits, legal, finance, information technology and administrativesupport personnel. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | General and administrative expenses. |
|--------|--------------------------------------|

|   | Our general and administrative expenses primarily include: |
|--------|------------------------------------------------------------|

| - | rent expenses related to our corporate headquarters; |
|---|------------------------------------------------------|

| - | outside professional service fees related to legal and accounting services; |
|---|-----------------------------------------------------------------------------|

| - | administrative costs, such as postage, printing and supplies; and |
|---|-------------------------------------------------------------------|

| - | repairs and maintenance costs associated with our worksite employeetransportation vehicles and technology infrastructure. |
|---|---------------------------------------------------------------------------------------------------------------------------|

|   | Commissions. |
|--------|--------------|

|   | Commission expense primarily consists of amounts paid to sales personnel and arebased on a percentage of revenue generated by such personnel. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| Transactions with Related and Other Certain Parties |
|-----------------------------------------------------|

| For the three months ended September 30, 2005, we obtained loans from one of our directors,Scott B. Gann, in the amount of $9,804.  Since our inception in February 2005, Mr. Gann hasloaned us a total of $138,528.  These loans are not evidenced by promissory notes.  Rather,these loans were made on open account, bear interest at 6% per annum and are payable ondemand.  Mr. Gann has advised us that he does not intend to demand repayment of any amountloaned to us, until such time as any such repayment would not adversely affect our financialcondition.  Without the loans obtained from Mr. Gann, we would have been unable to continuein business. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Recent Developments |
|---------------------|

| We have recently signed separate letters of intent to acquire three private temporary staffingcompanies located in the Dallas/Fort Worth metro area.  These acquisitions are to be madesubstantially for cash.  We currently do not possess the funds needed to consummate any ofthese proposed acquisitions.  While we are actively pursuing sources of financing for theseproposed acquisitions, there is no assurance that we will be successful in this regard.  Shouldwe be successful in consummating these transactions, our liquidity and operations will bematerially enhanced. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Results of Operations |
|-----------------------|

| During the three months ended September 30, 2005, our temporary staffing services generated$318,167 (unaudited) in revenues.  During this three-month period, our cost of services was$264,643 (unaudited), with a gross profit of $53,524 (unaudited).  Our general andadministrative expenses for the three months ended September 30, 2005, were $132,329(unaudited) and our net loss was $99,238 (unaudited).  Our revenues for the fiscal year endingJune 30, 2006, will be significantly greater, on a monthly basis, than for the period ended June30, 2005, due to the internal growth of our temporary staffing business.  Likewise, our cost ofservices can be expected to increase proportionately.  Our general and administrative expensescan be expected to increase, though not at the same rate as our cost of services.  Currently, webreak even on a monthly basis.  However, we currently lack the capital necessary to pursueaggressively our business objectives, and we may never possess enough capital with which todo so. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Liquidity and Capital Resources |
|---------------------------------|

| At September 30, 2005, we had a working capital deficit of $156,162 (unaudited).  Since ourinception, we have obtained funds from our largest shareholder, Scott B. Gann, to make up forcash shortfalls in our business.  During the three months ended September 30, 2005, weobtained $9,804 from Mr. Gann.  These loans are not evidenced by promissory notes.  Rather,these loans were made on open account, bear interest at 6% per annum and are payable ondemand.  Mr. Gann has advised us that he does not intend to demand repayment of any amountloaned to us, until such time as any such repayment would not adversely affect our financialcondition.  Without the loans obtained from Mr. Gann, we would have been unable to continuein business. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| During the three months ended September 30, 2005, we obtained a total of $87,500 from thesale of our common stock.  Since September 30, 2005, we have obtained an additional $10,000from the sale of our common stock, the proceeds of which equity sale were used for workingcapital. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cash Flows Used in Operating Activities. |
|--------|------------------------------------------|

|   | During the three months ended September 30, 2005, our operating activities used$110,042 (unaudited) in cash.  Because of the rapid growth of our business, we areunable to predict our use of cash in our operating activities for the year ending June 30,2006. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cash Flows Used in Investing Activities. |
|--------|------------------------------------------|

|   | During the three months ended September 30, 2005, our investing activities used $951(unaudited) in cash, all of which was for capital expenditures.  Because of the rapidgrowth of our business, we are unable to predict our use of cash in our investingactivities for the year ending June 30, 2006. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cash Flows from Financing Activities. |
|--------|---------------------------------------|

|   | During the three months ended September 30, 2005, our financing activities provided$95,495 (unaudited), including $87,500 (unaudited) from sales of common stock and$9,804 (unaudited) in net advances from our largest shareholder.  Because of the rapidgrowth of our business, we are unable to predict whether our financing activities willprovide cash for the year ending June 30, 2006. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Capital Expenditures |
|----------------------|

| For the three months ended September 30, 2005, we made capital expenditures of $951(unaudited).  Due to our lack of excess capital, we are unable to predict the level of our capitalexpenditures for the year ending June 30, 2006. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Our Capital Needs |
|-------------------|

| Our current level of operations can be maintained for at least the next six months.  However,to begin the aggressive pursuit of our temporary staffing business objectives, we will requireapproximately $1 million.  We cannot assure you that we will obtain such level of funding. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Seasonality and Quarterly Fluctuations |
|----------------------------------------|

| The temporary staffing business is seasonal, with the first calendar quarter generally being theslowest part of the year.  It can be expected that our quarterly results for the three monthsending March 31, 2006, will reflect this seasonality. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

| Item 3. Controls and Procedures. |   |
|----------------------------------|--------|

| The SEC defines the term “disclosure controls and procedures” to mean a company’s controlsand other procedures that are designed to ensure that information required to be disclosed inthe reports that it files or submits under the Securities Exchange Act of 1934 is recorded,processed, summarized and reported, within the time periods specified in the SEC’s rules andforms.  We maintain such a system of controls and procedures in an effort to ensure that allinformation which we are required to disclose in the reports we file under the SecuritiesExchange Act of 1934 is recorded, processed, summarized and reported within the timeperiods specified under the SEC's rules and forms. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| As of September 30, 2005, an evaluation was performed by our Chief Financial Officer of theeffectiveness of the design and operation of our disclosure controls and procedures.  Based onthat evaluation, our management, including our Chief Financial Officer, concluded that ourdisclosure controls and procedures were effective as of September 30, 2005. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| There have been no significant changes in our internal controls or in other factors that couldsignificantly affect internal controls subsequent to September 30, 2005. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |
|--------|

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

| Item 1. Legal Proceedings. |   |
|----------------------------|--------|

| We are not currently involved in any legal proceeding. |
|--------------------------------------------------------|

|   |
|--------|

| Item 2. Changes in Securities. |   |
|--------------------------------|--------|

| During the three months ended September 30, 2005, we issued restricted securities, as follows: |
|------------------------------------------------------------------------------------------------|

| 1.     | (a) | Securities Sold. In September 2005, a total of 875,000 shares of our commonstock were issued.                                                                                                                                                                                                                                                        |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (b) | Underwriter or Other Purchasers. Such shares of common stock were issued toChris Clayton (650,000 shares), Brian Clayton (150,000 shares) and Mark Case(75,000 shares).                                                                                                                                                                              |
|   | (c) | Consideration. Such shares of common stock were issued for cash in the aggregateamount of $85,000.                                                                                                                                                                                                                                                   |
|   | (d) | Exemption from Registration Claimed. These securities are exempt fromregistration under the Securities Act of 1933, as amended, pursuant to theprovisions of Section 4(2) thereof and Rule 506 thereunder, as a transaction notinvolving a public offering. Each of these purchasers was an accredited investorcapable of evaluating the investment. |

| Subsequent to September 30, 2005, we have issued restricted securities, as follows: |
|-------------------------------------------------------------------------------------|

| 2.     | (a) | Securities Sold. In December 2005, 100,000 shares of our common stock wereissued.                                                                                                                                                                                                                                                          |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (b) | Underwriter or Other Purchasers. Such shares of common stock were issued toChris Clayton.                                                                                                                                                                                                                                                  |
|   | (c) | Consideration. Such shares of common stock were issued for $10,000 in cash.                                                                                                                                                                                                                                                                |
|   | (d) | Exemption from Registration Claimed. These securities are exempt fromregistration under the Securities Act of 1933, as amended, pursuant to theprovisions of Section 4(2) thereof and Rule 506 thereunder, as a transaction notinvolving a public offering. This purchaser was an accredited investor capable ofevaluating the investment. |

|   |
|--------|

| Item 3. Defaults upon Senior Securities. |   |
|------------------------------------------|--------|

| None. |
|-------|

|   |
|--------|

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

| None. |
|-------|

|   |
|--------|

| Item 5. Other Information. |   |
|----------------------------|--------|

| None. |
|-------|

|   |
|--------|

| Item 6. Exhibits and Reports on Form 8-K. |   |
|-------------------------------------------|--------|

| (a) Exhibits |   |
|--------------|--------|

| ExhibitNo. |   | Description |   |
|------------|--------|-------------|--------|

| 31.1 |   | Certification of Chief Executive Officer required by Rule 13a-14(a) orRule 15d-14(b) |   |
|------|--------|--------------------------------------------------------------------------------------|--------|

| 31.2 |   | Certification of Chief Accounting Officer required by Rule 13a-14(a) orRule 15d-14(b) |   |
|------|--------|---------------------------------------------------------------------------------------|--------|

| 32.1 |   | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section1350 |   |
|------|--------|----------------------------------------------------------------------------|--------|

| 32.2 |   | Certification of Chief Accounting Officer Pursuant to 18 U.S.C. Section1350 |   |
|------|--------|-----------------------------------------------------------------------------|--------|

| (b) Reports on Form 8-K |   |
|-------------------------|--------|

| During the three months ended September 30, 2005, we did not file a Current Report on Form8-K. |
|------------------------------------------------------------------------------------------------|

| Since September 30, 2005, we have filed five Current Reports on Form 8-K, as follows: |
|---------------------------------------------------------------------------------------|

| - | Date of event: May 13, 2005, wherein we reported a change-in-control transaction. |
|---|-----------------------------------------------------------------------------------|

| - | Date of event: September 17, 2005, wherein we reported a change in independentaccountants. |
|---|--------------------------------------------------------------------------------------------|

| - | Date of event: November 17, 2005, wherein we reported our entering into a materialdefinitive agreement. |
|---|---------------------------------------------------------------------------------------------------------|

| - | Date of event: December 23, 2005, wherein we reported our terminating a materialdefinitive agreement. |
|---|-------------------------------------------------------------------------------------------------------|

| - | Date of event: January 16, 2006, wherein we reported the election of a new director. |
|---|--------------------------------------------------------------------------------------|

|   |
|--------|

| SIGNATURES |
|------------|

| In accordance with the requirements of the Securities Exchange Act of 1934, Registrant hasduly caused this report to be signed on its behalf by the undersigned, thereunto dulyauthorized. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Date: March 22, 2005. | TABATHA IV, INC. |
|-----------------------|------------------|

|   |
|--------|

|   |   | By: | /s/ CHARLIE DICKERSON |   |
|--------|--------|-----|-----------------------|--------|

|   | Charlie Dickerson |   |
|--------|-------------------|--------|

|   | Chief Financial Officer [Principal AccountingOfficer] |
|--------|-------------------------------------------------------|