UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





———————


FORM
10-Q


———————





x
            QUARTERLY
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934For
      the quarterly period ended: April 30, 2010oro
            TRANSITION
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934For
      the transition period from: _____________ to
  _____________





———————


iDcentrix,
Inc.


(Exact
name of registrant as specified in its charter)


———————





Nevada
            
            000-51263
            
            20-4650531(State
      or Other Jurisdiction
            
            (Commission
            
            (I.R.S.
      Employerof
      Incorporation)
            
            File
      Number)
            
            Identification
      No.)









Rm 1903, 19/F, Hing Yip COMM
Centre,No. 272
Des Voeux Rd,
Central,Hong
Kong


(Address
of Principal Executive Office) (Zip Code)




00852-9090
9003


(Registrant’s
telephone number, including area code)





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 of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes x No o




Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Web site, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of
this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes o 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
definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act. (Check One)




Large
      accelerated filer o
            Accelerated
      filer oNon-accelerated
      filer o
            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 x No o





As of
June 4, 2010, the registrant had 240,130 shares of common stock outstanding
(giving effect to the 1-for-284 reverse stock split which took effect on June 1,
2010).





1





IDCENTRIX,
INC.


INDEX





PagePART
      I – FINANCIAL INFORMATIONITEM 1.
            Financial Statements.
            3Condensed ConsolidatedBalance Sheets–April 30, 2010(Unaudited) and January 31,
      2010
            3Condensed ConsolidatedStatements of Operations for the Three
      Months EndedApril 30, 2010 and April
      30,  2009, and from
      inception throughApril 30,
      2010(all
      unaudited)
            4Condensed ConsolidatedStatements of Cash Flows for the Three
      Months EndedApril 30, 2010 and April 30, 2009, and from inception toApril
      30, 2010(all
      unaudited)
            5Notes to theCondensedConsolidated Financial Statements
      (unaudited)
            6-10ITEM
      2.
            Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations.
            10-13ITEM
      3.
            Quantitative
      and Qualitative Disclosures about Market Risk.
            13ITEM
      4T.
            Controls
      and Procedures.
            13PART
      II – OTHER INFORMATIONITEM
      1.
            Legal
      Proceedings.
            14ITEM
      1A.
            Risk
      factors.
            14ITEM
      2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds.
            14ITEM
      3.
            Defaults
      Upon Senior Securities.
            14ITEM5.
            Other
      Information.
            14ITEM6.
            Exhibits.
            14Signatures.
            15





2


IDCENTRIX,
INC.
 (A
Development Stage Company)
 CONDENSED
CONSOLIDATED BALANCE SHEETS


April
      30,
              2010
              (unaudited)
            
            
            January
      31, 2010ASSETSCurrent
      AssetsPrepaid
      Expenses
            
            $
            -
            
            
            $
            2,106Total
      Current Assets
            
            
            -
            
            
            
            2,106Total
      Assets
            
            
            -
            
            
            
            2,106LIABILITIES
      &  STOCKHOLDERS’ (DEFICIT) EQUITYCurrent
      LiabilitiesAccounts
      Payable
            
            $
            6,096
            
            
            $
            6,096Total
      Liabilities
            
            
            6,096
            
            
            
            6,096Stockholders’ Equity
      (Deficiency)Common
      Stock, $0.00001 par value, 100,000,000 shares authorized;
              68,176,300
      shares issued and outstanding at April 30, 2010 and  January 31,
      2010
            
            
            682
            
            
            
            682Additional
      paid-in capital
            
            
            4,077,434
            
            
            
            4,077,434Deficit
      accumulated during the development stage
            
            
            (4,084,212
            )
            
            
            (4,082,106
            )Total
      Stockholders’ Equity (Deficit)
            
            
            (6,096
            )
            
            
            (3,990
            )TOTAL
      LIABILITIES & EQUITY (Deficit)
            
            $
            -
            
            
            $
            2,106










3


IDCENTRIX,
INC.
 (A
Development Stage Company)
  CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
 (UNAUDITED)


For
      the
              Three
      Months Ended
              April 30,
      2010
            
            
            For
      the
              Three
      Months Ended
              April
      30,
              2009
            
            
            For
      the
              Period
              January
      31, 2007
              (inception)
      to
              April
      30,
              2010Revenue
            
            $
            -
            
            
            $
            -
            
            
            $
            -Operating
      ExpensesSelling,
      general and administrative
            
            
            2,106
            
            
            
            206,603
            
            
            
            3,904,038Research
      and Development
            
            
            -
            
            
            
            -
            
            
            
            40,096Impairment
      of Sublicense
            
            
            -
            
            
            
            -
            
            
            
            171,000Abandonment
      of assets
            
            
            -
            
            
            
            -
            
            
            
            713Loss
      from operations
            
            
            (2,106
            )
            
            
            (206,603
            )
            
            
            (4,115,847
            )Other
      Income/Expense
              Interest
      Income
            
            
            -
            
            
            
            333
            
            
            
            31,635Net
      Loss
            
            $
            (2,106
            )
            
            
            (206,270
            )
            
            
            (4,084,212
            )Basic
      and diluted net loss per share
            
            $
            (0.00
            )
            
            $
            (0.01
            )Weighted average number of common shares
      Outstanding (without giving effect to the 1-for-284
      reverse stock split which tookeffect
      on June 1, 2010)
            
            
            41,837,004
            
            
            
            31,896,674




See
accompanying notes to condensed consolidated financial statements





4


IDCENTRIX,
INC.


(A
Development Stage Company)


CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS


(UNAUDITED)





For
      the Three Months Ended April 30, 2010
            
            
            For
      the Three Months Ended April 30, 2009
            
            
            For
      the Period January 3, 2007 (Inception) to April 30, 2010Cash
      flows from Operating ActivitiesNet
      loss
            
            $
            (2,106
            )
            
            $
            (206,270
            )
            
            $
            (4,084,212
            )Adjustments
      to reconcile net loss to netCash
      used in operating activities:Depreciation
      and amortization
            
            
            -
            
            
            
            2,200
            
            
            
            72,532Fair
      value of vested stock options
            
            
            -
            
            
            
            43,117
            
            
            
            231,956Fair
      value of vesting of restricted  stock issuance
            
            
            -
            
            
            
            27,000
            
            
            
            448,500Fair
      value of stock issued to employee
            
            
            -
            
            
            
            -
            
            
            
            50,000Impairment
      of assets
            
            
            -
            
            
            
            -
            
            
            
            189,858Changes
      in operating assets and liabilitiesPrepaid
      expenses and security deposits
            
            
            2,106
            
            
            
            10,485
            
            
            
            1,529Accounts
      payable
            
            
            -
            
            
            
            (21,857
            )
            
            
            (50,765
            )Accrued
      Expenses
            
            
            -
            
            
            
            2,598
            
            
            
            (1,529
            )Net
      cash used in operating activities
            
            
            -
            
            
            
            (142,727
            )
            
            
            (3,142,131
            )Cash
      Flows from Investing ActivitiesNet
      cash received in reverse merger with Sterling Gold
            
            
            -
            
            
            
            -
            
            
            
            503,055Purchase
      of property and equipment
            
            
            -
            
            
            
            -
            
            
            
            (34,390
            )Net
      cash (used in) provided by investing Activities
            
            
            -
            
            
            
            -
            
            
            
            468,665Cash
      Flows from Financing ActivitiesNet
      proceeds from issuance of common stock
            
            
            -
            
            
            
            -
            
            
            
            2,673,466Net
      cash (used in) provided by financing Activities
            
            
            -
            
            
            
            -
            
            
            
            2,673,466Net
      change in cash
            
            
            -
            
            
            
            (142,727
            )
            
            
            -Cash
      and Cash Equivalents, Beginning of period
            
            
            -
            
            
            
            275,082
            
            
            
            -Cash
      and Cash Equivalents, end of Period
            
            $
            -
            
            
            $
            132,355
            
            
            $
            -Supplemental
      non cash investing and financing activitiesIssuance
      of Common stock for sublicense agreement
            
            $
            -
            
            
            $
            -
            
            
            $
            228,000







See
accompanying notes to condensed consolidated financial statements.





5


IDCENTRIX,
INC.


(A
Development Stage Company)





Notes
to Condensed Consolidated Financial Statements


For
the Three Months Ended April 30, 2010 and 2009


and
the Period January 3, 2007 (inception) to April 30, 2010
(Unaudited)





NOTE 1
–DESCRIPTION OF THE BUSINESS





iDcentrix,
Inc. (the “Company”) was incorporated in Nevada in January of 2004. On October
23, 2009, the Company entered into a stock purchase agreement (the “Belmont
Stock Purchase Agreement”) with Belmont Partners, LLC (“Belmont”), whereby the
Company issued to Belmont 36,688,800 shares of its common stock constituting a
controlling interest of the Company’s common stock (the “Belmont Purchase
Transaction”).  Pursuant to the Belmont Stock Purchase Agreement, Joseph
Meuse, a managing member of Belmont, was appointed as a member of the Company’s
Board of Directors and to the offices of President and Secretary and all other
Directors and officers of the Company resigned.  As of October 28, 2009,
the Company changed its plan of business from the development and marketing of
high-end security identification cards to seeking to acquire or merge with a
revenue-producing company or a company with technology assets.





On April
5, 2010, the Company entered into a Common Stock Purchase Agreement (the “Tsoi
Stock Purchase Agreement”) by and among Tsoi Tik Man, Belmont and the
Company.  Pursuant to the terms of the Tsoi Stock Purchase Agreement,
on April 5, 2010, Tsoi Tik Man acquired from Belmont 36,688,800 shares of the
Company’s common stock, which at the closing of the transaction, represented a
53.81% controlling interest for consideration of $300,000.  In addition,
the Company agreed to issue to Belmont shares of its common stock such that the
Belmont will own 10% of the issued and outstanding capital stock of the Company
after the closing of a merger transaction with an as yet unidentified target
corporation.  Pursuant to the terms of the Tsoi Stock Purchase
Agreement, Joseph J. Meuse resigned and Tsoi Tik Man was named as the sole
officer and director of the Company.  Concurrent with this change of
control, the Company moved its principal executive offices to Rm 1903, 19/F,
Hing Yip COMM Centre, No. 272 Des Voeux Rd, Central, Hong Kong.





On June
1, 2010, we filed an amendment to our Articles of Incorporation (the
“Amendment”), which amended our current Articles of Incorporation to effect a
1-for-284 reverse stock split of our issued and outstanding Common
Stock.  Our board of directors and majority stockholder approved the
Amendment pursuant to written consents dated as of April 26,
2010.  These financial statements do not give retroactive effect to
the reverse stock split.





The
Company is a development stage company as defined by Generally Accepted
Accounting Principles (GAAP).  All losses accumulated since the inception
of the Company will be considered as part of the Company’s development stage
activities. The Company has generated no revenue. The ability of the Company to
carry out its business plan rests with its ability to secure equity and other
financing.







NOTE 2
–SIGNIFICANT ACCOUNTING POLICIES






Principles of
Consolidation




The
accompanying consolidated financial statements include the accounts of the
Company and its wholly owned subsidiary, IDCX Co. Intercompany transactions have
been eliminated in consolidation.





6


Basis of Presentation and
going concern





The
accompanying unaudited financial statements have been prepared in accordance
with accounting principals generally accepted in the United States of America
and the rules and regulations of the United States Securities and Exchange
Commission for interim financial information and with the instructions to Form
10-Q and article 10 of Regulation S-X.  Accordingly, they do not
include all the information and footnotes necessary for a comprehensive
presentation of financial position, results of operations, or cash
flows.  It is management’s opinion, however, that all material
adjustments (consisting of normal recurring adjustments) have been made
which are necessary for a fair financial statement presentation.  The
results for the interim period are not necessarily indicative of the results to
be expected for the full year.





The
unaudited interim financial statements should be read in conjunction with the
Company’s Form 10-K, which contains audited financial statements and notes
thereto, together with Management’s Discussion and Analysis, for the years ended
January 31, 2010 and 2009.   The interim results for the period
ended April 30, 2010 are not necessarily indicative of the results for the full
fiscal year.





The
accompanying consolidated financial statements have been prepared assuming that
the Company will continue as a going concern. This basis of accounting
contemplates the recovery of the Company’s assets and the satisfaction of its
liabilities. Since inception, the Company has been engaged in organizational
activities, sales and marketing activities to create market awareness of its
products, and obtaining financing. Through April 30, 2010, the Company has
incurred accumulated losses of approximately $4,084,212. The Company’s
ability to continue as a going concern is dependent upon its ability to develop
additional sources of capital and to ultimately achieve profitable operations
through the acquisition of a revenue producing company or one with technology
assets that can be developed.   The Company’s consolidated financial
statements do not include any adjustments that might result from the outcome of
these uncertainties.





At April
30, 2010, the Company had not yet commenced any revenue-generating operations.
All activity through April 30, 2010 has been related to the Company’s formation,
capital raising efforts and sales and marketing activities. As such, the Company
has yet to generate any cash flows from operations, and is dependent on equity
funding from both related and unrelated parties to finance its
operations.





The
Company does not have sufficient resources to fund its operations for the next
twelve months. Accordingly, the Company needs to raise additional funds in order
to satisfy its future working capital requirements.





The
Company estimates that it will require minimum funding in fiscal 2011 of
approximately $30,000 in order to fund operations. The Company is actively
seeking new sources of equity while attempting to generate revenue from
operations and reducing expenses. There can be no assurances that the Company
will be able to raise additional capital on terms that are acceptable to the
Company or at all.  Additionally, there can be no assurance that the
Company will be able to generate any revenue from operations.






Use of
Estimates





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





7


Equity Based
Compensation





Under the
fair value recognition principles of accounting standards regarding share based
payments, share-based compensation costs are measured at the grant date based on
the fair value of the award and is recognized as expense over the applicable
vesting period of the stock award (generally three years) using the
straight-line method.






Long-Lived
Assets





GAAP
requires that long-lived assets be reviewed for impairment whenever events or
changes in circumstances indicate that their carrying amounts may not be
recoverable. If the cost basis of a long-lived asset is greater than the
projected future undiscounted net cash flows from such asset (excluding
interest), an impairment loss is recognized. Impairment losses are calculated as
the difference between the cost basis of an asset and its estimated fair
value.





As of
January 31, 2009, the Company evaluated its sublicense agreement and determined
that the future undiscounted net cash flows was less than the carrying amount of
the asset and recognized an impairment loss equal to the remaining book value of
the sublicense.







Income
Taxes





The
Company accounts for income taxes under the provisions of GAAP which requires a
company to recognize deferred tax liabilities and assets for the expected future
tax consequences of events that have been recognized in the Company’s
consolidated financial statements or tax returns. Under this method, deferred
tax liabilities and assets are determined based on the difference between the
financial statement carrying amounts and tax bases of assets and liabilities
using enacted tax rates in effect in the years in which the differences are
expected to reverse. A valuation allowance is recognized if, based on the weight
of available evidence, it is more likely than not that some portion or all of
the deferred tax asset will not be realized.







Research and
Development





Research
and development costs related to future products are charged to
operations.







Loss per common
share





Basic
loss per share is calculated by dividing net loss by the weighted average number
of common shares outstanding during the period.





Diluted
loss per share is calculated assuming the issuance of common shares, if
dilutive, resulting from the exercise of stock options and warrants. At April
30, 2010, potentially dilutive securities consisted of 6,025,000 outstanding
common stock warrants to acquire 3,012,500 shares. Since the Company reported a
net loss for the years ended January 31, 2010 and 2009, these potentially
dilutive common shares were excluded from the diluted loss per share calculation
because they were anti-dilutive.




8


Concentration of Credit
Risk





Financial
instruments that potentially subject the Company to concentrations of credit
risk consist primarily of cash and cash equivalents. The Company places its cash
and cash equivalents with high credit quality financial institutions. From time
to time such cash balances may be in excess of the FDIC insurance limit of
$250,000.








NOTE 3 –
COMMON STOCK





During
the year ended January 31, 2009, the Company completed a private placement
offering resulting in the sale of 500,000 shares of common stock at $0.75 per
share and received net proceeds after offering costs of approximately
$372,000.





During
the year ended January 31, 2010, the Company issued 36,688,800 shares of common
stock to Belmont Partners, LLC and received net proceeds after offering cost of
approximately $86,272.





NOTE 4 –
OPTIONS AND WARRANTS





For the
three months ended April 30, 2009 and for the period January 3, 2007 (inception)
to April 30, 2010, the Company recognized compensation expense related to the
fair value of the vested stock options of $43,117, and $231,956,
respectively.   As of January 31, 2010, following the Share
Purchase Agreement with Belmont Partners, all outstanding options were
forfeited.  The majority of options were fully vested as of the forfeiture
date.





Stock
Options





As of
January 31, 2010, following the Share Purchase Agreement with Belmont Partners,
all outstanding options have been forfeited.





As of
April 30, 2010, the Company has no options outstanding.





Warrants





As of
April 30, 2010, the Company has 6,025,000 warrants for the issuance of 3,012,500
shares of common stock outstanding, all of which are exercisable at a price of
$0.25 per share. Each warrant is exercisable for a period of five (5) years from
the date of the subscriber’s subscription agreement and will expire in
2012.





NOTE 5 –
INCOME TAXES





At April
30, 2010, the Company had available Federal and state net operating loss carry
forwards to reduce future taxable income. The amounts available were
approximately $4,241,000 for Federal purposes and $3,855,000 for state purposes.
The Federal carry forward expires in 2029 and the state carry forward expires in
2014. Given the Company’s history of net operating losses, management has
determined that it is more likely than not the Company will not be able to
realize the tax benefit of the carry forwards. Accordingly, the Company has not
recognized a deferred tax asset for this benefit.





GAAP
requires that a valuation allowance be established when it is more likely than
not that all or a portion of deferred tax assets will not be realized. Due to
restrictions imposed by Internal Revenue Code Section 382 regarding substantial
changes in ownership of companies with loss carry-forwards, the utilization of
the Company’s net operating loss carry-forwards will likely be limited as a
result of cumulative changes in stock ownership. The company has not recognized
a deferred tax asset and, as a result, the change in stock
ownership has not resulted in any changes to valuation
allowances.





9


Upon the
attainment of taxable income by the Company, management will assess the
likelihood of realizing the tax benefit associated with the use of the
carry forwards and will recognize a deferred tax asset at that
time.





We
recognize the tax benefit from an uncertain tax position only if it is more
likely than not that the tax position will be sustained on examination by the
taxing authorities, based on the technical merits of the position. At the date
of adoption, and as of April 30, 2010 and 2009, the Company does not have a
liability for unrecognized tax benefits.





The
Company files income tax returns in the U.S. federal jurisdiction and various
states. The Company is subject to U.S. federal or state income tax examinations
by tax authorities for five years after 2002. During the periods open to
examination, the Company has net operating loss and tax credit carry
forwards for U.S. federal and state tax purposes that have attributes from
closed periods. Since these NOLs and tax credit carry forwards may
be utilized in future periods, they remain subject to
examination.





ITEM
2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATION





The
following should be read in conjunction with the consolidated financial
statements of the Company included elsewhere herein.





FORWARD-LOOKING
STATEMENTS





When used
in this report, the words “may,” “will,” “expect,” “anticipate,” “continue,”
“estimate,” “intend,” “plans”, and similar expressions are intended to identify
forward-looking statements regarding events, conditions and financial trends
which may affect our future plans of operations, business strategy, operating
results and financial position.  Forward looking statements in this
report include without limitation statements relating to trends affecting our
financial condition or results of operations, our business and growth strategies
and our financing plans.




Such
statements are not guarantees of future performance and are subject to risks and
uncertainties and actual results may differ materially from those included
within the forward-looking statements as a result of various
factors.  Such factors include, among other things, general economic
conditions; cyclical factors affecting our industry; lack of growth in our
industry; our ability to comply with government regulations; a failure to manage
our business effectively; our ability to sell products at profitable yet
competitive prices; and other risks and factors set forth from time to time in
our filings with the Securities and Exchange Commission, including our
registration statement on Form SB-2, as amended.




Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date made. We undertake no obligation to publicly
release the result of any revision of these forward-looking statements to
reflect events or circumstances after the date they are made or to reflect the
occurrence of unanticipated events.





Overview and Recent
History





iDcentrix,
Inc. (the “Company” or “iDcentrix”) (formally known as Sterling Gold Corp.) was
incorporated in Nevada in January of 2004. The Company is a development stage
company as defined by Generally Accepted Accounting Principles
(GAAP).  All losses accumulated since the inception of the Company
will be considered as part of the Company's development stage activities. The
Company has generated no revenue. The ability of the Company to carry out its
business plan rests with its ability to secure equity and other
financing.




10


On
January 31, 2008, the Company consummated a share exchange (the “IDCX Share
Exchange”) with all of the shareholders of iDcentrix, Inc., a Delaware
corporation (“IDCX”), pursuant to a Share Exchange Agreement, dated January 16,
2008. Pursuant to the IDCX Share Exchange Agreement, the issued and outstanding
common shares of IDCX were exchanged on a one-for-one basis for common shares of
the Company.  The Company issued 18,762,000 shares of its Common Stock
to the former shareholders of IDCX upon consummation of the IDCX Share
Exchange.  As a result of the IDCX Share Exchange, IDCX became a
wholly-owned subsidiary of the Company, and the Company continued its existence
as the surviving corporation.  Further, under the terms of the IDCX
Share Exchange Agreement, the Company’s current director and management prior to
the IDCX Share Exchange resigned and were replaced with IDCX’s directors and new
management.




The
acquisition was accounted for as a reverse merger (recapitalization) with IDCX
deemed to be the accounting acquirer and the Company deemed to be the legal
acquirer.  Following the IDCX Share Exchange, the Company’s new Board
of Directors and management adopted the plan of operation of IDCX and abandoned
its previous plan of operation regarding the acquisition and exploration of
mineral properties.  Following the IDCX Share Exchange, the Company
changed its name from “Sterling Gold Corp.” to “iDcentrix, Inc.” and IDCX
changed its name to “IDCX Co.”




On
October 23, 2009, the Company entered into a stock purchase agreement (the
“Belmont Stock Purchase Agreement”) with Belmont Partners, LLC (“Belmont”),
whereby the Company issued to Belmont 36,688,800 shares of its common stock
constituting a controlling interest of the Company’s common stock (the “Belmont
Purchase Transaction”).  Pursuant to the Belmont Stock Purchase
Agreement, Joseph Meuse, a managing member of Belmont, was appointed as a member
of the Company’s Board of Directors and to the offices of President and
Secretary and all other Directors and officers of the Company
resigned.  As of October 28, 2009, the Company changed its plan of
business from the development and marketing of high-end security identification
cards to seeking to acquire or merge with a revenue-producing company or a
company with technology assets.




On April
5, 2010, the Company entered into a Common Stock Purchase Agreement (the “Tsoi
Stock Purchase Agreement”) by and among Tsoi Tik Man, Belmont and the
Company.  Pursuant to the terms of the Purchase Agreement, on April 5,
2010, Tsoi Tik Man acquired from Belmont 36,688,800 shares of the Company’s
common stock, which at the closing of the transaction, represented a 53.81%
controlling interest.  In addition, the Company agreed to issue to Belmont
shares of its common stock such that Belmont will own 10% of the issued and
outstanding capital stock of the Company after the closing of a merger
transaction with an as yet unidentified target corporation.  Pursuant
to the terms of the Tsoi Stock Purchase Agreement, Joseph J. Meuse resigned and
Tsoi Tik Man was named as the sole officer and director of the
Company.  Concurrent with this change of control, the Company moved
its principal executive offices to Rm 1903, 19/F, Hing Yip COMM Centre, No. 272
Des Voeux Rd, Central, Hong Kong.




On June
1, 2010, we filed an amendment to our Articles of Incorporation (the
“Amendment”), which amended our current Articles of Incorporation to effect a
1-for-284 reverse stock split of our issued and outstanding Common
Stock.  Our board of directors and majority stockholder approved the
Amendment pursuant to written consents dated as of April 26, 2010. A copy of the Amendment is
filed as Exhibit 3.1 to this Quarterly Report.  The reverse stock
split reduced the number of issued and outstanding shares of our Common Stock
from 68,176,300 shares outstanding prior to the split to 240,130 shares
outstanding after the split.  The reverse stock split became effective
on June 1, 2010.





The
Company currently has no operations.





The
Company’s fiscal year end is January 31.





To date,
since inception we have had no revenues and only losses, and we anticipate this
continuing for the foreseeable future. Accordingly, until such time that we are
profitable, if at all, we will be dependent upon debt and equity financing which
may not be available to us. Our auditors are currently
of the opinion, and have formally indicated that for the fiscal year ended January 31,
2010, they
doubt our ability to continue as a going concern as a result of our continued
net losses.





11


Results of
Operations





The
Three Months Ended April 30, 2010 Compared to the Three Months Ended April 30,
2009





The
revenues for the three months ended April 30, 2010 and April 30, 2009 were both
$0.





The
Operating Expenses, which are composed entirely of general and administrative
expenses, for the three months ended April 30, 2010 and April 30, 2009, were
$2,106 and $206,603, respectively.  The lower expenses in 2010 were
attributable to a reduction in independent contracts, professional fees and
prepaid expenses.





Similarly,
our Net Loss for the three months ended April 30, 2010 and April 30, 2009, was
$2,106 and $206,270, respectively.





Based
upon our current plans, we plan to adjust our operating expenses so that any
cash generated from financing activities or contributions from our officer will
be sufficient for the foreseeable future to fund our operations at our currently
forecasted levels. To try to operate at a break-even level based upon our
current level of anticipated business activity, we believe that we must generate
approximately $36,000 in revenue per year. However, if our forecasts are
inaccurate, we will need to raise additional funds. On the other hand, we may
choose to scale back our operations to operate at break-even with a smaller
level of business activity, while adjusting our overhead to meet the revenue
from current operations. In addition, we expect that we will need to raise
additional funds if we decide to pursue more rapid expansion, the development of
new or enhanced services and products, appropriate responses to competitive
pressures, or the acquisition of complementary businesses or technologies, or if
we must respond to unanticipated events that require us to make additional
investments. We cannot assure that additional financing will be available when
needed on favorable terms, or at all.





We expect
to incur operating losses in future periods because we will be incurring
expenses and not generating sufficient revenues. We expect approximately $36,000
in operating costs over the next twelve months.  We cannot guarantee that
we will be successful in generating sufficient revenues or other funds in the
future to cover these operating costs. Failure to generate sufficient revenues
or additional financing when needed could cause us to go out of
business.





Liquidity and Capital
Resources





As of
April 30, 2010, we had cash or cash equivalents of $0.00.





Net cash
used for operating activities was $0 for the three months ended April 30, 2010,
compared to cash used by operating activities of $142,727 for the three months
ended April 30, 2009.  The decrease in net cash used for the three
months ended April 30, 2010 was attributable to reduced operating expenses,
specifically reduced general and administrative expenses.





Cash
flows provided by investing activities was $0 for the three months ended April
30, 2010 and $0 for the same period in 2009.





Cash
flows used by financing activities was $0 for the three months ended April 30,
2010 as compared to $0 for the same period in 2009.





Until the
Company’s operations become cash flow positive, our sole officer and Director
may, in his sole discretion, fund the operations to continue the business.
 At this time, we have no other resources for cash without his
assistance.





We expect
our principal source of liquidity will be financing activities.  We try to
operate with minimal overhead.  Our primary activity will be to seek to
acquire an operating business generating revenues.  If we succeed in
finding such an opportunity, we expect to become profitable.  We cannot
guarantee that this will ever occur.  Our plan is to build our company in
any manner which will be successful.





12


Off-Balance Sheet
Arrangements





At April
30, 2010, we did not have any transactions, obligations or relationships that
could be considered off-balance sheet arrangements.





Significant Accounting
Policies





Our
discussion and analysis of results of operations and financial condition are
based upon our consolidated financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States of
America. The preparation of these consolidated financial statements requires us
to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses, and related disclosure of contingent assets
and liabilities. We evaluate our estimates on an ongoing basis, including those
related to provisions for uncollectible accounts receivable, inventories,
valuation of intangible assets and contingencies and litigation. We base our
estimates on historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from
these estimates under different assumptions or conditions.





The
accounting policies that we follow are set forth in Note 2 to our financial
statements as included in this document. These accounting policies conform to
accounting principles generally accepted in the United States, and have been
consistently applied in the preparation of the financial
statements.








ITEM
3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





We are a
smaller reporting company as defined by Rule 12b-2 of the Securities Exchange
Act of 1934 and are not required to provide the information under this
item.





ITEM
4T - CONTROLS AND PROCEDURES





(a)
            Evaluation
      of Disclosure Controls and
Procedures.





Our
management has conducted an evaluation of the effectiveness of disclosure
controls and procedures (as such term is defined in Rules 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), as of the end of the period covered by this report.  Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that the information we are required to disclose in our periodic reports
filed or submitted under the Exchange Act is (i) recorded, processed, summarized
and reported within the time periods specified in the SEC’s rules and forms, and
(ii) accumulated and communicated to management, as appropriate, to allow timely
decisions regarding required disclosure.





Based on
the results of this evaluation, and the material weaknesses in our internal
control over financial reporting discussed in our Annual Report on Form 10-K for
the year ended January 31, 2010, our management has concluded that our
disclosure controls and procedures were not effective at the reasonable
assurance level as of April 30, 2010.








(b)
            Changes
      in Internal Control over Financial
Reporting.





There
were no changes in our internal control over financial reporting that occurred
during our most recent fiscal quarter, which were identified in connection
with management’s evaluation required by paragraph (d) of Rules 13a-15 or Rule
15d-15 under the Exchange Act, that have materially affected, or are reasonably
likely to materially affect, our internal control over financial
reporting.





13


PART
II - OTHER INFORMATION





ITEM
1.  LEGAL PROCEEDINGS.




We are
not currently involved in any material pending legal proceeding.





ITEM
1A.  RISK FACTORS.





We are a
smaller reporting company as defined by Rule 12b-2 of the Securities Exchange
Act of 1934 and are not required to provide the information under this
item.





The above
statement notwithstanding, shareholders and prospective investors should be
aware that certain risks exist with respect to the Company and its business,
which risks include: its limited assets, lack of revenues and only losses since
inception, industry risks, the need for additional capital; the fact that our
accountants have expressed doubts about our ability to continue as a going
concern; among other factors. The Company management is aware of these risks and
has attempted to establish the minimum controls and procedures to insure
adequate risk assessment and execution to reduce loss exposure. For more
specific detail regarding the risks inherent in an investment in the Company,
shareholders and prospective investors are also referred to the “Risk Factors”
section of the Company’s registration statement filed with the Securities and
Exchange Commission on Form SB-2, as amended. See www.sec.gov.





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





None.





ITEM
3.  DEFAULTS UPON SENIOR SECURITIES.





None.





ITEM
4.  (REMOVED AND RESERVED)





ITEM
5.  OTHER INFORMATION.





None.





ITEM
6. EXHIBITS.





Exhibit
      No.
            Description





Exhibit
      3.1
            Certificate
      of Amendment to Articles of Incorporation filed with the Nevada Secretary
      of State on June 1, 2010.Exhibit
      31
            Certification required by Rule
      13a-14(a) or Rule 15d-14(a) and section 302 of the Sarbanes-Oxley Act of
      2002of the
      Principal Executive Officer and Principal Financial
      Officer.Exhibit
      32
            Certification required by Rule
      13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of
      2002, 18 U.S.C. Section 1350,of the Principal Executive
      Officer and Principal Financial
    Officer.




14




SIGNATURES








Pursuant
to the requirements of Section 13 of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.







iDcentrix,
Inc.(Registrant)Date:
      June 14, 2010
              By:
              /s/Tsoi Tik ManTsoi
      Tik Man, President and Secretary(Principal
      executive officer and principal financial officer)
  15


INDEX TO
EXHIBITS





Exhibit
      No.
              Description
 
 Exhibit
      3.1
              Certificate
      of Amendment to Articles of Incorporation filed with the Nevada Secretary
      of State on June 1, 2010.Exhibit
      31
              Certification required by Rule
      13a-14(a) or Rule 15d-14(a) and section 302 of the Sarbanes-Oxley Act of
      2002of the
      Principal Executive Officer and Principal Financial
      Officer.Exhibit
      32
              Certification required by Rule
      13a-14(b) or Rule 15d-14(b) and section 906 of the Sarbanes-Oxley Act of
      2002, 18 U.S.C. Section 1350,of the Principal Executive
      Officer and Principal Financial
    Officer.
  16