**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**





x
      QUARTERLY REPORT PURSUANT TO SECTION 13
      OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





**For
      the quarterly period ended** **March
      31, 2008**





o
      TRANSITION REPORT PURSUANT TO SECTION 13
      OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For
      the
      transition period from





Commission
      File No. 000-52850





**AFH
      Holding IV, Inc.**


(Name
      of
      Small Business Issuer in its charter)





**Delaware**
            **26-1365243**(State
                or other jurisdiction of
            (I.R.S.
                employerincorporation
                or formation)
            identification
                number)





**9595
      Wilshire Blvd.**


**Suite
      939**


**Beverly
      Hills, CA 90212**


(Address
      of principal executive offices)




Issuer’s
      telephone
      number: **(310)
      300-3431**


Issuer’s
      facsimile
      number: **(310)
      300-3412**





**No
      change**


(Former
      name, former address and former


fiscal
      year, if changed since last report)





Copies
      to :


The
      Sourlis Law Firm


Virginia
      K. Sourlis, Esq.


The
      Galleria


2
      Bridge
      Avenue


Red
      Bank,
      New Jersey 07701


(732)
      530-9007





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





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes x No o





Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, or a non-accelerated filer. See definition of “accelerated
      filer and large accelerated filer” in Rule 12b-2 of the Exchange Act (Check
      One):





Large
                accelerated filer
            o
            Accelerated
                filer
            oNon-accelerated
                filer
            o
            Smaller
                reporting company
            x





State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of May 15, 2008 **:** 5,000,000
      shares of common stock, par value $0.001 per share **.**







**TABLE
      OF CONTENTS**





**Page****PART
                I - FINANCIAL INFORMATION**Item
                1.
            Financial
                Statements
            1Item
                2.
            Management’s
                Discussion and Analysis or Plan of Operation
            2Item
                3.
            Controls
                and Procedures
            3**PART
                II - OTHER INFORMATION**
            4Item
                1.
            Legal
                Proceedings
            4Item
                2.
            Unregistered
                Sale of Equity Securities and Use of Proceeds
            4Item
                3.
            Defaults
                Upon Senior Securities
            4Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            4Item
                5.
            Other
                Information
            4Item
                6.
            Exhibits**SIGNATURES**







**Item
      1.                      Financial
      Statements.**





AFH
      HOLDING IV, INC.





FINANCIAL
      STATEMENTS


(Unaudited)





March
      31,
      2008





AFH
      HOLDING IV, INC.


(A
      Development Stage Enterprise)


INDEX
      TO
      INTERIM AND UNAUDITED FINANCIAL STATEMENTS


March
      31,
      2008


(Unaudited)





PageFinancial
                Statements:Balance
                Sheet
            F−1Statements
                of Operations
            F−2Statements
                of Stockholder’s Equity
            F−3Statements
                of Cash Flows
            F−4Notes
                to Financial Statements
            F-5
                - F-6





1





AFH
      HOLDING IV, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED BALANCE SHEET


MARCH
      31,
      2008


(Unaudited)





March
                31, 2008(Unaudited)ASSETSTotal
                assets
            
            $
            --LIABILITIES
                AND STOCKHOLDER'S EQUITYCommitment
                and contingencies
            
            $
            --Stockholder's
                equity:Preferred
                stock, $.001 par value,authorized
                20,000,000 shares, none issued
            
            
            --Common
                stock, $.001 par value,authorized
                100,000,000 shares,5,000,000
                issued and outstanding
            
            $
            5,000Additional
                paid in capital
            
            
            2,021Deficit
                accumulated during the development stage
            
            
            (7,021
            )Total
                stockholder's equity
            
            
            --Total
                liabilities and stockholder's equity
            
            $
            ----








The
      accompanying notes are an integral part of these financial
      statements




F-1





AFH
      HOLDING IV, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF OPERATIONS


(Unaudited)





**Income**
            
            For
                the three months ended March 31, 2008
            
            For
                the period 16-Apr-07 (Inception) through March 31, 2008Revenue
            
            $
            --
            
            $
            --Expenses
            
            
            --
            
            
            --General
                and Administrative
            
            
            --
            
            
            (7,021
            )Net
                (Loss)
            
            $
            --
            
            $
            (7,021
            )Basic
                and Diluted (Loss) Per Share
            
            $
            (.00
            )
            $
            (.00
            )Weighted
                average shares outstanding (basic and diluted)
            
            
            5,000,000
            
            
            5,000,000







The
      accompanying notes are an integral part of these financial
      statements





F-2





AFH
      HOLDING IV, INC.


(A
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF STOCKHOLDER’S EQUITY


For
      the
      period from April 16, 2007 (Inception) to March 31, 2008


(Unaudited)





**Common
                  Stock**
              
              
              
              
              
              **Total**Shares
              
              Amount
              
              **Additional
                  Paid-in Capital**
              
              **Deficit
                  accumulated****Issuance
                  of Common Stock**Balance
                  April 16, 2007
              
              
              0
              
              
              0
              
              
              0
              
              
              0
              
              
              0Shares
                  issued in Lieu of expenses paid
              
              
              5,000,000
              
              $
              5,000
              
              $
              0
              
              $
              0
              
              $
              5,000Net
                  Loss
              
              
              
              
              
              
              
              
              
              
              
              (7,021
              )
              
              (7,021
              )Contributed
                  Capital for Services
              
              
              
              
              
              
              
              
              2,021
              
              
              
              
              
              2,021Balance
                  at March 31, 2008
              
              
              5,000,000
              
              $
              5,000
              
              $
              2,021
              
              $
              (7,021
              )
              $
              0







The
      accompanying notes are an integral part of these financial
      statements


F-3




AFH
      HOLDING IV, INC.


(a
      Development Stage Enterprise)


INTERIM
      AND UNAUDITED STATEMENTS OF CASH FLOWS


(Unaudited)


For
                  the three months ended March 31, 2008
              
              For
                  the period
                April 16,
                  2007
                (Inception)
                  through
                March
                  31, 2008Cash
                  flows from operating activitiesNet
                  Loss
              
              $
              --
              
              $
              (7,021Shares
                  issued in lieu of expenses paid
              
              
              --
              
              
              5,000Contributed Capital
                  For Services
              
              
              --
              
              
              2,021Cash
                  flows used in operating activities
              
              
              --
              
              
              --Net
                  increase in cash
              
              
              --
              
              
              --Cash,
                  beginning of period
              
              
              --
              
              
              --Cash,
                  end of period
              
              $
              --
              
              $
              --SUPPLEMENTAL
                  DISCLOSURE OF CASH FLOW INFORMATION:Cash
                  paid during the period for:Interest
              
              
              --
              
              
              --Income
                  taxes
              
              
              --
              
              
              --








The
      accompanying notes are an integral part of these financial
      statements




F-4




AFH
      HOLDING IV, INC.


(A
      Development Stage Enterprise)


NOTES
      TO
      INTERIM AND UNAUDITED FINANCIAL STATEMENTS


March
      31,
      2008





**NOTE
      1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES**





Nature
      of Operations





AFH
      HOLDING IV, INC., a development stage company (the “Company”), was incorporated
      in the State of Delaware on April 16, 2007. The Company is 100% owned by AFH
      Holding and Advisory, LLC. The financial statements presented represent only
      those transactions of AFH Holding IV, Inc. The Company is looking to acquire
      an
      existing company or acquire the technology to begin operations.





As
      a
      blank check company, the Company’s business is to pursue a business combination
      through acquisition, or merger with, an existing company. As of the date of
      the
      financial statements, the Company has identified an undisclosed potential target
      company for a possible business combination.  The Company is currently
      engaged in preliminary negotiations with the target company.  No
      assurances can be given that the Company will be successful in locating or
      negotiating with any target company.





Since
      inception, the Company has been engaged in organizational efforts.





General





The
      accompanying unaudited financial statements include all adjustments of a normal
      and recurring nature, which, in the opinion of Company’s management, are
      necessary to present fairly the Company’s financial position as of March 31,
      2008, the results of its operations for the three months ended March 31, 2008,
      and from the date of inception (April 16, 2007) through March 31, 2008, and
      cash
      flows from the date of inception (April 16, 2007) through March 31,
      2008.





Certain
      information and footnote disclosures normally included in financial statements
      prepared in accordance with generally accepted accounting principles have been
      omitted pursuant to the rules and regulations of the Securities and Exchange
      Commission.





The
      results of operations and cash flows for the three months ended March 31, 2008
      are not necessarily indicative of the results to be expected for the full year’s
      operation.





**NOTE
      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**





The
      accompanying financial statements are prepared in accordance with accounting
      principles generally accepted in the United States.





New
      Accounting Pronouncements:





Management
      does not believe any recently issued, but not yet effective accounting
      pronouncements, if adopted, would have a material effect on the accompanying
      financial statements.








Loss
      per Common Share :
      Basic
      loss per share is calculated using the weighted-average number of common shares
      outstanding during each period. Diluted loss per share includes potentially
      dilutive securities such as outstanding options and warrants, using various
      methods such as the treasury stock or modified treasury stock method in the
      determination of dilutive shares outstanding during each period. The Company
      does not have any potentially dilutive instruments.


F-5





**NOTE
      3 - GOING CONCERN**





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern, which contemplates the recoverability of
      assets and the satisfaction of liabilities in the normal course of
      business.





The
      Company has had no revenue and has incurred accumulated net losses from April
      16, 2007 (inception) through the period ended March 31, 2008 of $7,021. In
      addition, the Company’s development activities since inception have been
      financially sustained through equity financing.





The
      ability of the Company to continue as a going concern is dependent upon its
      ability to find a suitable acquisition/merger candidate, raise additional
      capital from the sale of common stock, and receive additional paid-in capital
      from its shareholder and, ultimately, the achievement of significant operating
      revenues. The accompanying financial statements do not include any adjustments
      that might be required should the Company be unable to recover the value of
      its
      assets or satisfy its liabilities





**NOTE
      4 - SHAREHOLDER'S EQUITY**





Holders
      of shares of common stock shall be entitled to cast one vote for each common
      share held at all stockholder’s meetings for all purposes, including the
      election of directors. The common stock does not have cumulative voting
      rights.





The
      preferred stock of the Company shall be issued by the Board of Directors of
      the
      Company in one or more classes or one or more series within any class and such
      classes or series shall have such voting powers, full or limited, or no voting
      powers, and such designations, preferences, limitations or restrictions as
      the
      Board of Directors of the Company may determine, from time to time.





No
      holder
      of shares of stock of any class shall be entitled as a matter of right to
      subscribe for or purchase or receive any part of any new or additional issue
      of
      shares of stock of any class, or of securities convertible into shares of stock
      of any class, whether now hereafter authorized or whether issued for money,
      for
      consideration other than money, or by way of dividend.




F-6


**Item
        2.                      Management's
        Discussion and Analysis or Plan of Operation.**
 
 **Forward-Looking
        Statements**
 
 *This
        Report contains statements that we believe are, or may be considered to be,
        “forward-looking statements” within the meaning of the Private Securities
        Litigation Reform Act of 1995. All statements other than statements of
        historical fact included in this Report regarding the prospects of our industry
        or our prospects, plans, financial position or business strategy, may constitute
        forward-looking statements. In addition, forward-looking statements generally
        can be identified by the use of forward-looking words such as “may,” “will,”
“expect,” “intend,” “estimate,” “foresee,” “project,” “anticipate,” “believe,”
“plans,” “forecasts,” “continue” or “could” or the negatives of these terms or
        variations of them or similar terms. Furthermore, such forward-looking
        statements may be included in various filings that we make with the SEC or
        press
        releases or oral statements made by or with the approval of one of our
        authorized executive officers. Although we believe that the expectations
        reflected in these forward-looking statements are reasonable, we cannot assure
        you that these expectations will prove to be correct. These forward-looking
        statements are subject to certain known and unknown risks and uncertainties,
        as
        well as assumptions that could cause actual results to differ materially
        from
        those reflected in these forward-looking statements. Readers are cautioned
        not
        to place undue reliance on any forward-looking statements contained herein,
        which reflect management’s opinions only as of the date hereof. Except as
        required by law, we undertake no obligation to revise or publicly release
        the
        results of any revision to any forward-looking statements. You are advised,
        however, to consult any additional disclosures we make in our reports to
        the
        SEC. All subsequent written and oral forward-looking statements attributable
        to
        us or persons acting on our behalf are expressly qualified in their entirety
        by
        the cautionary statements contained in this Report.*


Overview





AFH
      Holding IV, Inc. ("we", "us", "our", the "Company" or the "Registrant") was
      incorporated in the State of Delaware on April 16, 2007, and maintains its
      principal executive offices at 9595 Wilshire Blvd., Suite 939, Beverly Hills,
      CA
      90212. Since the Company’s inception, it has been engaged in organizational
      efforts and obtaining initial financing. The Company was formed as a vehicle
      to
      pursue a business combination through the acquisition of, or merger with, an
      operating business. The Company filed a registration statement on Form 10-SB
      with the U.S. Securities and Exchange Commission (the "SEC") on October 5,
      2007,
      and since its effectiveness, the Company has focused its efforts to identify
      a
      possible business combination. Since the effective date of the Company’s Form
      10-SB, the Company has been a reporting company and required to file periodic
      and current reports with the SEC under the Exchange Act.





Plan
      of Operation





The
      Company will attempt to locate and negotiate with a business entity for the
      combination of that target company with the Company. The combination will
      normally take the form of a merger, stock-for-stock exchange or stock-for-
      assets exchange (the "business combination"). In most instances the target
      company will wish to structure the business combination to be within the
      definition of a tax-free reorganization under Section 351 or Section 368 of
      the
      Internal Revenue Code of 1986, as amended. As of the date of this report, the
      Company has identified an undisclosed potential target company for a possible
      business combination.  The Company is currently engaged in preliminary
      negotiations with the target company.  No assurances can be given that
      the Company will be successful in locating or negotiating with any target
      company.





The
      Company has not restricted its search for any specific kind of businesses,
      and
      it may acquire a business which is in its preliminary or development stage,
      which is already in operation, or in essentially any stage of its business
      life.
      It is impossible to predict the status of any business in which the Company
      may
      become engaged, in that such business may need to seek additional capital,
      may
      desire to have its shares publicly traded, or may seek other perceived
      advantages which the Company may offer.





In
      implementing a structure for a particular business acquisition, the Company
      may
      become a party to a merger, consolidation, reorganization, joint venture, or
      licensing agreement with another corporation or entity.





It
      is
      anticipated that any securities issued in any such business combination would
      be
      issued in reliance upon exemption from registration under applicable federal
      and
      state securities laws. In some circumstances, however, as a negotiated element
      of its transaction, the Company may agree to register all or a part of such
      securities immediately after the transaction is consummated or at specified
      times thereafter. If such registration occurs, it will be undertaken by the
      surviving entity after the Company has entered into an agreement for a business
      combination or has consummated a business combination. The issuance of
      additional securities and their potential sale into any trading market which
      may
      develop in the Company's securities may depress the market value of the
      Company's securities in the future if such a market develops, of which there
      is
      no assurance. However, if the Company cannot effect a non-cash acquisition,
      the
      Company may have to raise funds from a private offering of its securities under
      Rule 506 of Regulation D. There is no assurance the Company would obtain any
      such equity funding.





The
      Company will participate in a business combination only after the negotiation
      and execution of appropriate agreements. Negotiations with a target company
      will
      likely focus on the percentage of the Company which the target company
      shareholders would acquire in exchange for their shareholdings.


2


Although
        the terms of such agreements cannot be predicted, generally such agreements
        will
        require certain representations and warranties of the parties thereto, will
        specify certain events of default, will detail the terms of closing and the
        conditions which must be satisfied by the parties prior to and after such
        closing and will include miscellaneous other terms. Any merger or acquisition
        effected by the Company can be expected to have a significant dilutive effect
        on
        the percentage of shares held by the Company's shareholders at such
        time.




Results
      of Operation





The
      Company has not conducted any active operations since inception, except for
      its
      efforts to locate suitable acquisition candidates. No revenue has been generated
      by the Company from April 16, 2007 (inception) to March 31, 2008. It is unlikely
      the Company will have any revenues unless it is able to effect an acquisition
      or
      merger with an operating company, of which there can be no
      assurance.





Expenses
      incurred since inception are primarily due to legal, accounting and other
      professional service fees.





Liquidity
      and Capital Resources





At
      March
      31, 2008, the Company had no capital resources and will rely upon the issuance
      of common stock and additional capital contributions from shareholders to fund
      administrative expenses pending acquisition of an operating
      company.




Management
      anticipates seeking out a target company through solicitation. Such solicitation
      may include newspaper or magazine advertisements, mailings and other
      distributions to law firms, accounting firms, investment bankers, financial
      advisors and similar persons, the use of one or more World Wide Web sites and
      similar methods. No estimate can be made as to the number of persons who will
      be
      contacted or solicited. Management may engage in such solicitation directly
      or
      may employ one or more other entities to conduct or assist in such solicitation.
      Management and its affiliates will pay referral fees to consultants and others
      who refer target businesses for mergers into public companies in which
      management and its affiliates have an interest. Payments are made if a business
      combination occurs, and may consist of cash or a portion of the stock in the
      Company retained by management and its affiliates, or both.





The
      Company and/or shareholders will supervise the search for target companies
      as
      potential candidates for a business combination. The Company and/or shareholders
      may pay as their own expenses any costs incurred in supervising the search
      for a
      target company. The Company and/or shareholders may enter into agreements with
      other consultants to assist in locating a target company and may share stock
      received by it or cash resulting from the sale of its securities with such
      other
      consultants.





Off-balance
      sheet arrangements





The
      Company does not have any off-balance sheet arrangements that have or are
      reasonably likely to have a current or future effect on the Company’s financial
      condition, changes in financial condition, revenues or expenses, results of
      operations, liquidity, capital expenditures or capital resources that is
      material to investors.





**Item
      3.                      Controls
      and Procedures.**





The
      management of the Company, including the principal executive and financial
      officer, conducted an evaluation of the effectiveness of the design and
      operation of our disclosure controls and procedures as defined in Exchange
      Act
      Rule 13a-15(e) and 15d-15(e) as of March 31, 2008. Based on that evaluation,
      the
      principal executive and financial officer concluded that as of March 31, 2008,
      our disclosure controls and procedures were effective at the reasonable
      assurance level to ensure (i) 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 SEC’s rules and
      forms and (ii) that information required to be disclosed in reports that we
      file
      or submit under the Exchange Act is accumulated and communicated to our
      management including our chief executive and financial officer, to allow timely
      decisions regarding required disclosure.




No
      change
      in our internal control over financial reporting (as defined in Rules 13a-15(f)
      and 15d-15(f) under the Exchange Act) occurred during the fiscal quarter ended
      March 31, 2008 that has materially affected, or is reasonably likely to
      materially affect, the Company’s internal control over financial
      reporting.


3





**PART
      II - OTHER INFORMATION**





**Item
      1.                      Legal
      Proceedings.**





None.





**Item
      2.                      Unregistered
      Sales of Equity Securities and Use of Proceeds.**





None.





**Item
      3.                      Defaults
      Upon Senior Securities.**





None.





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





None.





**Item
      5.                      Other
      Information.**




None.




**Item
      6.                      Exhibits.**








**No.:**
            
            **Description:**31.1
            
            Certification
                of Chief Executive Officer pursuant to Section 302 of Sarbanes Oxley
                Act
                of 200231.2
            
            Certification
                of Chief Financial Officer pursuant to Section 302 of Sarbanes Oxley
                Act
                of 200232.1
            
            Certification
                pursuant to Section 906 of Sarbanes Oxley Act of
                2002


4




**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, there unto duly
      authorized.


Dated:
              May 15,
              2008AFH
                Holding IV, Inc.
              (Registrant)By:
            /s/ Amir
              F.
              HeshmatpourAmir
              F. HeshmatpourPresident
                (Principal
                  Executive Officer)
                (Principal
                  Financial Officer)




5