UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington
D.C. 20549











FORM
10-Q











(Mark
One)





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





For the
period ended June 30, 2010





OR





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





for the
transition period from _______ to _______





Commission
File Number: 333-150937





AUTO SEARCH CARS,
INC.


(Exact
name of registrant as specified in its charter)





Nevada
            26-1919261(State
      or other jurisdiction of
              incorporation
      or organization)
            (I.R.S.
      Employer
              Identification
      No.)





164
Eleven Levels Rd


Ridgefield, CT
06877


(Address
of principal executive offices)





(203) 216 -
9991


(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 (§232.405 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
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





o    
      Large accelerated filer
            o    
      Accelerated filero    
      Non-accelerated filer
            x    
      Smaller reporting company





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
July 26, 2010, the registrant had 188,979,700 shares of its common stock,
$0.0001 par value, issued and outstanding.










TABLE
OF CONTENTS





PagePART
      I - FINANCIAL INFORMATIONITEM
      1.
            FINANCIAL
      STATEMENTS (UNAUDITED)
            F -
      1ITEM
      2.
            MANAGEMENT’S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS
            1ITEM
      3.
            QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
            2ITEM
      4.
            CONTROLS
      AND PROCEDURES
            2PART
      II – OTHER INFORMATIONITEM
      1.
            LEGAL
      PROCEEDINGS
            3ITEM
      1A.
            RISK
      FACTORS
            3ITEM
      2.
            UNREGISTERED
      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
            3ITEM
      3.
            DEFAULTS
      UPON SENIOR SECURITIES
            3ITEM
      4.
            (REMOVED
      AND RESERVED)
            3ITEM
      5.
            OTHER
      INFORMATION
            3ITEM
      6.
            EXHIBITS
            3SIGNATURES
            4










PART
I - FINANCIAL INFORMATION





ITEM
      1.
            FINANCIAL
      STATEMENTS (UNAUDITED)





TABLE OF
CONTENTS





PageFINANCIAL
      STATEMENTS FOR THE THREE MONTHS ENDED JUNE 30, 2010Balance
      Sheets
            F -
      1Statements
      of Operations
            F -
      2Statements
      of Changes in Stockholders’ Deficiency
            F -
      3Statements
      of Cash Flows
            F -
      4Notes
      to Financial Statements
            F
      - 5 to F - 8









Auto
      Search Cars, Inc.(A
      Development Stage Company)Balance
      Sheets




June
      30,
            
            
            December
      31,2010
            
            
            2009ASSETS
            
            (Unaudited)Current
      AssetsCash
      and cash equivalents
            
            $
            1,364
            
            
            $
            277Total
      Current Assets
            
            
            1,364
            
            
            
            277Other
      AssetsOrganization
      costs
            
            
            200
            
            
            
            200$
            1,564
            
            
            $
            477LIABILITIES
      AND STOCKHOLDERS' DEFICIENCYCurrent
      LiabilitiesAccounts
      payable and accrued liabilities
            
            $
            7,114
            
            
            $
            4,919Loan
      from director
            
            
            14,208
            
            
            
            13,000Total
      Current Liabilities
            
            
            21,322
            
            
            
            17,919Stockholders'
      DeficiencyPreferred
      Stock, $0.0001 par value, 20,000,000 shares authorized,
              none issued.
            
            
            -
            
            
            
            -Common
      stock, $0.0001 par value, 480,000,000 shares authorized,
              188,979,700
      shares issued and outstanding for both periods
            
            
            18,898
            
            
            
            18,898Additional
      paid-in capital
            
            
            (11,028
            )
            
            
            (11,028
            )Accumulated
      deficit during development stage
            
            
            (27,628
            )
            
            
            (25,312
            )Total
      Stockholders' Deficiency
            
            
            (19,758
            )
            
            
            (17,442
            )$
            1,564
            
            
            $
            477




See Notes
to Financial Statements




F -
1




Auto
      Search Cars, Inc.(A
      Development Stage Company)Statements
      Of Operations  Three
      months ended June 30,
              
              
              Six
      months ended June 30,
              
              
              February
      1, 2008 (Inception)
      to2010
              
              
              2009
              
              
              2010
              
              
              2009
              
              
              June
      30, 2010Revenue
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -General
      and administrative expenses
              
              
              9,754
              
              
              
              1,992
              
              
              
              13,326
              
              
              
              3,133
              
              
              
              38,838Net
      loss from operations
              
              
              (9,754
              )
              
              
              (1,992
              )
              
              
              (13,326
              )
              
              
              (3,133
              )
              
              
              (38,838
              )Other
      income
              
              
              11,010
              
              
              
              -
              
              
              
              11,010
              
              
              
              -
              
              
              
              11,210Income
      (loss) before income tax expense
              
              
              1,256
              
              
              
              (1,992
              )
              
              
              (2,316
              )
              
              
              (3,133
              )
              
              
              (27,628
              )Income
      tax expense
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -Net
      income (loss)
              
              
              1,256
              
              
              
              (1,992
              )
              
              
              (2,316
              )
              
              
              (3,133
              )
              
              
              (27,628
              )Basic
      and diluted income (loss) per share
              
              $
              0.00
              
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )Common
      shares outstanding
              
              $
              188,979,700
              
              
              $
              188,979,700
              
              
              $
              188,979,700
              
              
              $
              188,979,700




See Notes
to Financial Statements




F -
2




Auto
      Search Cars, Inc.(A
      Development Stage Company)Statements Of
      Changes In Stockholders' Deficiency





Common
      stockShares
            
            
            Amount
            
            
            AdditionalPaid-in capital
            
            
            AccumulatedDeficitDuring DevelopmentStage
            
            
            Total
      Stockholders'DeficiencyCommon
      shares issued for services
            
            
            182,000,000
            
            
            $
            18,200
            
            
            $
            (18,000
            )
            
            $
            -
            
            
            $
            200Issuance
      of common stock for cash at .0001
            
            
            6,979,700
            
            
            
            698
            
            
            
            6,972
            
            
            
            -
            
            
            
            7,670Net
      loss
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (16,517
            )
            
            
            (16,517
            )Balance
      as of December 31, 2008
            
            
            188,979,700
            
            
            
            18,898
            
            
            
            (11,028
            )
            
            
            (16,517
            )
            
            
            (8,647
            )Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (8,795
            )
            
            
            (8,795
            )Balance
      as of December 31, 2009
            
            
            188,979,700
            
            
            
            18,898
            
            
            
            (11,028
            )
            
            
            (25,312
            )
            
            
            (17,442
            )Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (3,572
            )
            
            
            (3,572
            )Balance
      as of March 31, 2010
            
            
            188,979,700
            
            
            
            18,898
            
            
            
            (11,028
            )
            
            
            (28,884
            )
            
            
            (21,014
            )Net
      income
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            1,256
            
            
            
            1,256Balance
      as of June 30, 2010
            
            
            188,979,700
            
            
            $
            18,898
            
            
            $
            (11,028
            )
            
            $
            (27,628
            )
            
            $
            (19,758
            )




See Notes
to Financial Statements




F -
3




Auto
      Search Cars, Inc.(A
      Development Stage Company)Statements
      Of Cash Flows





Six
      monhts ended June 30,
            
            
            February
      1, 2008Inception to2010
            
            
            2009
            
            
            June
      30, 2010Cash
      flows from operating activitiesNet
      loss
            
            $
            (2,316
            )
            
            $
            (3,133
            )
            
            $
            -Adjustments
      to reconcile net loss to net cash usedin operating
      activitiesChange
      in operating liabilitiesAccounts
      payable
            
            
            2,195
            
            
            
            (83
            )
            
            
            -Net
      cash used in operating activities
            
            
            (121
            )
            
            
            3,216
            
            
            
            -Cash
      flows from financing activitiesProceeds
      from sales of common stock
            
            
            -
            
            
            
            -
            
            
            
            -Loan
      from director
            
            
            1,208
            
            
            
            -
            
            
            
            14,208Net
      cash provided by financing activities
            
            
            1,208
            
            
            
            -
            
            
            
            14,208Net
      (decrease) increase in cash
            
            
            (1,087
            )
            
            
            (3,216
            )
            
            
            14,208Cash
      and Cash equivalents at beginning of period
            
            
            277
            
            
            
            4,486
            
            
            
            -Cash
      and Cash equivalents at end of period
            
            $
            1,364
            
            
            $
            1,270
            
            
            $
            14,208Supplemental
      disclosures of cash flow information:Interest
      paid
            
            $
            -
            
            
            $
            -
            
            
            $
            -Income
      taxes paid
            
            $
            -
            
            
            $
            -
            
            
            $
            -Other
      non-cash transactions:$
            -
            
            
            $
            -
            
            
            $
            -




See Notes
to Financial Statements




F -
4




AUTO
SEARCH CARS, INC


(A
Development Stage Company)


NOTES
TO FINANCIAL STATEMENTS


MARCH
31, 2010


(Unaudited)





NOTE
1 - Nature of Business and Summary of Significant Accounting
Policies





Organization





Auto
Search Cars, Inc. (the “Company”) was incorporated on February 1, 2008 (the
“Date of Inception”) under the laws of the State of Nevada. In February 2008,
the Company acquired its website from its sole officer and
director.





Nature
of Operations





The
Company has developed a website which will function as a marketplace for buyers
and sellers of vehicles and for consumers seeking information regarding
automotive services, such as financing and warranties. By providing this
marketplace, the Company intends to bring automobile sellers and other industry
participants, such as vendors of automotive services and advertisers, together
with consumers actively engaged in a search for a vehicle or vehicle-related
services.





The
Company’s business model is built on multiple anticipated revenue streams
including online consumer classified listings and banner advertising by industry
participants interested in marketing their services to our consumer
audience.





The
Company is a development stage company. The statements of operations and cash
flows include all expenditures from the Date of Inception to June 30,
2010.





NOTE
2 - Summary of Significant Accounting Policies





Basis
of Presentation – Development Stage Company





The
Company has not earned any revenue from operations.  Accordingly, the
Company's activities have been accounted for as those of a "Development Stage
Company" as set forth in Financial Accounting Standards Board Statement No. 7
("SFAS 7") (ASC 915).  Among the disclosures required by SFAS 7 are
that the Company's financial statements be identified as those of an development
stage company, and that the statements of operations, stockholders' equity and
cash flows disclose activity since the date of the Company's
inception.





The
Company reports revenue and expenses using the accrual method of accounting for
financial and tax reporting purposes. These unaudited financial statements
should be read in conjunction with the financial statements and related
footnotes included in the Company’s Form annual report on Form10-K filed with
the Securities and Exchange Commission on April 9, 2009.





The
results of operations for the quarter ended June 30, 2010 are not necessarily
indicative of the results to be expected for the full year ending December 31,
2010.





Use
of Estimates





The
preparation of 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 financial statements and
the reported amounts of revenue and expenses during the reporting period. Actual
results could differ significantly from those estimates.





Cash
and Cash Equivalents





For the
purpose of the statements of cash flows, all highly liquid investments with an
original maturity of three months or less are considered to be cash
equivalents.





F -
5





Compensation
Expense





The
Company has not paid any compensation to its sole officer and director and
accordingly, no compensation expense is reported in these financial
statements.





Revenue
Recognition





The
Company’s revenues are anticipated to be derived from multiple sources. Revenue
sources will include listing fees derived from consumer-placed classified
advertisements as well as banner advertising for companies in the auto industry.
Revenues from these advertisements will be recognized ratably over the period in
which the advertisement is featured on the website. Advertising revenues are
anticipated to be generated from short-term contracts in which the Company
typically guarantees a fixed fee. These revenues will be recognized ratably over
the term of the agreement, provided that the amount recognized does not exceed
the amount that would be recognized based upon actual impressions
delivered.





Web
Site Development Costs





There
were no web site development costs incurred during the period ended June 30,
2010





Advertising
Costs





Advertising
costs will be expensed as incurred; however there were no advertising costs
incurred during the period ended June 30, 2010.





Income
Taxes





The
Company follows Statement of Financial Accounting Standard No. 109, “Accounting
for Income Taxes” (“SFAS No. 109”) (ASC 740) for recording the provision for
income taxes. Deferred tax assets and liabilities are computed based upon the
difference between the financial statement and income tax basis of assets and
liabilities using the enacted marginal tax rate applicable when the related
asset or liability is expected to be realized or settled. Deferred income tax
expenses or benefits are based on the changes in the asset or liability each
period. If available evidence suggests that it is more likely than not that some
portion or all of the deferred tax assets will not be realized, a valuation
allowance is required to reduce the deferred tax assets to the amount that is
more likely than not to be realized. Future changes in such valuation allowance
are included in the provision for deferred income taxes in the period of
change.





Deferred
income taxes may arise from temporary differences resulting from income and
expense items reported for financial accounting and tax purposes in different
periods. Deferred taxes are classified as current or non-current, depending on
the classification of assets and liabilities to which they relate.





Deferred
taxes arising from temporary differences that are not related to an asset or
liability are classified as current or non-current depending on the periods in
which the temporary differences are expected to reverse.





Basic
and Diluted Loss per Share





The
Company computes loss per share in accordance with SFAS No. 128 (ASC 260).
“Earnings per Share”, which requires presentation of both basic and diluted
earnings per share on the face of the statement of operations. Basic loss per
share is computed by dividing net loss available to common shareholders by the
weighted average number of outstanding common shares during the
period.  Diluted loss per share gives effect to all dilutive potential
common shares outstanding during the period.  Dilutive loss per share
excludes all potential common shares if their effect is
anti-dilutive.





Recent
Pronouncements





In March
2010, the FASB issued Accounting Standards Update ("ASU") No. 2010-11, which is
included in the Codification under ASC 815. This update clarifies the type of
embedded credit derivative that is exempt from embedded derivative bifurcation
requirements. Only an embedded credit derivative that is related to the
subordination of one financial instrument to another qualifies for the
exemption. This guidance became effective for the Company's interim and annual
reporting periods beginning January 1, 2010. The adoption of this guidance did
not have a material impact on the Company's financial statements.





In
February 2010, the FASB issued ASU No. 2010-09, which is included in the
Codification under ASC 855, Subsequent Events ("ASC 855"). This update removes
the requirement for an SEC filer to disclose the date through which subsequent
events have been evaluated and became effective for interim and annual reporting
periods beginning January 1, 2010. The adoption of this guidance did not have a
material impact on the Company's financial statements.





F -
6





In
January 2010, the FASB issued ASU No. 2010-06, which is included in the
Codification under ASC 820, Fair Value Measurements and Disclosures ("ASC 820").
This update requires the disclosure of transfers between the observable input
categories and activity in the unobservable input category for fair value
measurements. The guidance also requires disclosures about the inputs and
valuation techniques used to measure fair value and became effective for interim
and annual reporting periods beginning January 1, 2010. The adoption of this
guidance did not have a material impact on the Company's financial
statements.





NOTE
3 - Related Party Transactions – Due to Director





During
the second quarter ended June 30, 2010, our sole officer and director loaned the
Company $233 for general business expenses, bringing the total loaned by our
sole officer and director to $1,208 for the first two quarters of 2010. During
the year 2009, our sole officer and director loaned the Company $2,000 for
general business expenses. During the year 2008, our sole officer and director
loaned the Company $11,000 for audit and stock transfer related costs. These
loans bear no interest and are due on demand. The total loan balance from our
director as of June 30, 2010 was $14,208.





NOTE
4 - Stockholder’s Deficiency





On
November 17, 2009, at a special meeting of the board of directors (the
“Directors”) of the Company, the Directors passed a resolution amending the
By-Laws of the Company.  The Amended and Restated By-Laws of the
Company, attached hereto as Exhibit 3.2, now provide for stockholder actions
previously required or permitted to be taken at a meeting of the stockholders to
be taken without a meeting provided that written consent, signed by stockholders
holding at least a majority of the voting power, is furnished.





On
November 19, 2009, in lieu of special meetings of both the stockholders and the
Directors occurring on November 18, 2009, the Company filed a Certificate of
Amendment to the Articles of Incorporation (the “Amendment”) with the Secretary
of State of Nevada.  The Amendment is attached hereto as Exhibit
3.1.  The Amendment increases the number of authorized shares of the
Company’s (i) common stock from 74,000,000 to 480,000,000, par value $0.0001,
and (ii) preferred stock from 1,000,000 to 20,000,000 blank check preferred, par
value $0.0001.The Company is now authorized to issue 20,000,000 shares of
preferred stock with a par value of $0.0001 per share and 480,000,000 shares of
common stock with a par value of $0.0001.





In
February 2008, the Company issued to its founder, sole officer and director
2,000,000 shares of Common Stock (valued at $200) in exchange for the founding
officer’s business plan, business concept, and website. The shares were deemed
to have been issued pursuant to an exemption provided by Section 4(2) of the
Act, which exempts from registration “transactions by an issuer not involving
any public offering.”





During
February and March 2008 the Company’s founder, sole officer and director sold
76,700 shares of Common Stock, at a price of $0.10 per share for a total amount
of $7,670.  These shares are considered to have been outstanding since
inception in February 2008.





On
December 9, 2009, the Company authorized a 91 for 1 forward split of its common
stock. The forward split became effective January 11, 2010.





On
February 8, 2010, the Company, entered into an agreement and plan of merger and
plan of reorganization with Auto Search Cars Acquisition Corp., (Acquisition
Sub”) a Delaware corporation wholly owned by the Company and Curaxis
Pharmaceutical Corporation, (“Curaxis”) a Delaware corporation, pursuant to
which the Acquisition Sub will be merged with and into Curaxis with Curaxis
continuing as the surviving wholly-owned by the Company. Please refer to our 8-k
filed with the Securities and Exchange Commission on February 9, 2010 for
additional information. Additionally, the Company filed an S-4 registration
statement in relation to the plan of merger and plan of reorganization on
February 12, 2010.





NOTE
5 - Commitments and Contingencies





The
Company is not presently involved in any litigation.





F -
7





NOTE
6 – Going Concern





The
accompanying financial statements have been prepared on a going concern basis
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. The Company has incurred losses since
inception resulting in an accumulated deficit during the development stage of
$27,628 as of June 30, 2010. The Company has not established any source of
revenue to cover its costs.  The Company is evaluating strategic
options to increase its cash on hand including equity offerings and debt
financings; however, there can be no assurance that the Company will be
successful in negotiating financing on terms agreeable to it or at
all.  The financial statements do not reflect any adjustments which
might result from the outcome of this uncertainty.





NOTE
7 – Subsequent Events





As of the
date of this interim financial report, there have been no subsequent events that
warrant disclosure by the Company.




F -
8





ITEM
      2.
            MANAGEMENT’S
      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
      OPERATIONS





The
following discussion and analysis of our financial condition and results of our
operations should be read in conjunction with our financial statements and the
notes thereto which appear elsewhere in this report and in connection with our
Annual Report on Form 10-K, which we filed with the Securities and Exchange
Commission (the “SEC”) on April 15, 2010. The results shown herein are not
necessarily indicative of the results to be expected for any future periods,
including for the fiscal year ending December 31, 2010.





This
discussion contains forward-looking statements, based on current expectations.
All statements regarding future events, our future financial performance and
operating results, our business strategy and our financing plans are
forward-looking statements and involve risks and uncertainties. In many cases,
you can identify forward-looking statements by terminology, such as “may,”
“will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” “potential” or “continue,” or the negative of such
terms and other comparable terminology. These statements are only predictions.
Known and unknown risks, uncertainties and other factors could cause our actual
results and the timing of events to differ materially from those projected in
any forward-looking statements. In evaluating these statements, you should
specifically consider various factors, including, but not limited to, those set
forth in the Registration Statement and in this report.





General





We are a
start up business engaged in the development and marketing of a web-based
e-commerce site (www.autosearchcars.com) designed to be a price leader in the
online auto sales market.





Since our
inception, we have been engaged in business planning activities, including the
launch of our website, website development, market research, developing our
economic models and financial forecasts, performing due diligence regarding
e-commerce marketing and identifying future sources of capital.





Our
website is fully operational; however, we can give no assurance as to when, if
ever, we will begin receiving listing fees from consumer-placed classified
advertisements. Additionally, we can give no assurances as to when, if ever, our
user base will be at the point of critical mass and free listings will cease and
paid listings will be implemented.





Recent
Developments





On
December 9, 2009, the Company authorized a 91 for 1 forward split of its common
stock. The forward split became effective January 11, 2010.





On
February 8, 2010, the Company entered into an agreement and plan of merger and
plan of reorganization with Auto Search Cars Acquisition Corp., (Acquisition
Sub”) a Delaware corporation wholly owned by the Company, and Curaxis
Pharmaceutical Corporation, (“Curaxis”) a Delaware corporation, pursuant to
which the Acquisition Sub will be merged with and into Curaxis with Curaxis
continuing as the surviving wholly-owned by the Company. Please refer to our
Form 8-K filed with the United States Securities and Exchange Commission (the
“SEC”) on February 9, 2010, for additional information. Additionally, the
Company filed an S-4 registration statement in relation to the plan of merger
and plan of reorganization on February 12, 2010 (the “Registration Statement”)
and an amended Registration Statement filed on April 27, 2010.  The closing
of the merger and plan of reorganization is dependent upon the Registration
Statement being declared effective by the SEC.





Results
of Operations for the Three Months Ended June 30, 2010 As Compared to the
Three Months Ended June 30, 2009





We are a
development stage company and have generated no revenues to date.





General
and administrative expenses increased by $7,762 to $9,754 for the three months
ended June 30, 2010, as compared to $1,992 for three months ended June 30,
2009.  The increase in our general and administrative expenses was
attributable to professional fees, Edgar fees and other miscellaneous expenses
that have been incurred in connection with the proposed merger with Curaxis
Pharmaceutical Corporation.





Net loss
decreased by $3,248 to a net income of $1,256 for the three months ended June
30, 2010, as compared to a loss of $1,992 for the three months ended June 30,
2009. The decrease in our net loss during the three month period ended June 30,
2010 is attributable to reimbursement payments received by the Company from
Curaxis Pharmaceuticals ("Curaxis") for expenses related to the proposed
merger between the Company and Curaxis. It should be noted that the Company
recorded a net loss of $2,316 for the six month period ended June 30,
2010.




Results
of Operations for the Six Months Ended June 30, 2010 As Compared to
the Six Months Ended June 30, 2009




General
and administrative expenses increased by $10,193 to $13,326 for the six months
ended June 30, 2010, as compared to $3,133 for six months ended June 30,
2009.  The increase in our general and administrative expenses was
attributable to professional fees, Edgar fees and other miscellaneous expenses
that have been incurred in connection with the proposed merger with Curaxis
Pharmaceutical Corporation.
  Net loss
decreased by $817 to $2,316 for the six months ended June 30, 2010, as compared
to a loss of $3,133 for the six months ended June 30, 2009. The decrease in our
net loss during the six month period ended June 30, 2010 is attributable to
reimbursement payments received by the Company from Curaxis Pharmaceuticals for
expenses related to the proposed merger between the Company and
Curaxis.


1





Liquidity
and Capital Resources





Our cash
balance at June 30, 2010 was $1,364. At June 30, 2010 we had liabilities of
$21,322, an increase of $3,403 from $17,919 at December 31, 2009. The increase
in our liabilities was attributable to expenses incurred in connection with the
proposed merger with Curaxis Pharmaceutical Corporation.





We have
limited capital resources, as, among other things, we are a development stage
company with a limited operating history. We have not generated any revenues to
date and may not be able to generate sufficient revenues to become profitable in
the future.





Our cash
reserves are not sufficient to meet our obligations for the next 6-month period.
As a result, we may need to seek additional funding in the near future. We
currently do not have a specific plan of how we will obtain such funding;
however, we anticipate that additional funding will be in the form of equity
financing from the sale of our common stock or loans from our sole officer and
director. At this time, we cannot provide investors with any assurance that we
will be able to raise sufficient funding from the sale of our common stock or a
loan from our sole officer and director to meet our obligations over the next 12
months. We do not have any arrangements in place for any future equity financing
or loans.





We do not
currently own any significant plant or equipment that we will seek to sell in
the near future.





We do not
anticipate the need to hire employees over the next 12 months with the possible
exception of secretarial support should our business grow and necessitate such
expenditure. We believe the services provided by our sole officer and
director-are sufficient at this time. We believe that our operations are
currently on a small scale and are manageable by one individual.





Off-Balance
Sheet Arrangements





We have
no off-balance sheet arrangements.





ITEM
      3.
              QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK


Not
applicable, because we are a smaller reporting company.




ITEM
      4.
              CONTROLS AND
    PROCEDURES


EVALUATION
OF DISCLOSURE CONTROLS AND PROCEDURES





As
required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934, as
amended (the "Exchange Act"), as of March 31, 2010, we have carried out an
evaluation of the effectiveness of the design and operation of our disclosure
controls and procedures. This evaluation was carried out under the supervision
and with the participation of our sole officer (principal executive officer and
principal financial officer). Based upon the results of that evaluation, our
management has concluded that, as of March 31, 2010, our disclosure controls and
procedures were effective and provide reasonable assurance that material
information related to our business required to be disclosed in the reports that
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
that such information is accumulated and communicated to management to allow
timely decisions on required disclosure.





CHANGES
IN INTERNAL CONTROLS OVER FINANCIAL REPORTING





There
were no changes in our internal controls over financial reporting identified in
connection with the evaluation described above during the quarter ended June 30,
2010 that has materially affected, or is reasonably likely to materially affect,
our internal controls over financial reporting.





2





PART
II - OTHER INFORMATION





ITEM
      1.
            LEGAL
      PROCEEDINGS





We are
currently not involved in any litigation that we believe could have a materially
adverse effect on our financial condition or results of operations. There is no
action, suit, proceeding, inquiry or investigation before or by any court,
public board, government agency, self-regulatory organization or body pending
or, to the knowledge of the executive officers of our company or any of our
subsidiaries, threatened against or affecting our company, our common stock, any
of our subsidiaries or of our company’s or our company’s subsidiaries’ officers
or directors in their capacities as such, in which an adverse decision could
have a material adverse effect.





ITEM
      1A.
            RISK
      FACTORS





Not
applicable because we are a smaller reporting company.





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





None.





ITEM
      3.
            DEFAULTS
      UPON SENIOR SECURITIES





None.





ITEM
      4.
            (REMOVED
      AND RESERVED)





ITEM
      5.
            OTHER
      INFORMATION





None.





ITEM
      6.
            EXHIBITS





Exhibit
      No.
            
            Description31.1
            
            Rule
      13a – 14(a)/15d – 14(a) Certification, as adopted pursuant to Section 302
      of the Sarbanes Oxley Act of 200232.1
            
            Certification
      of the Principal Executive Officer and Principal Financial Officer
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes Oxley Act of 2002




3





SIGNATURES





Pursuant
to the requirements of Section 13(a) and 15(d) of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.





AUTO
      SEARCH CARS, INC.July
      27, 2010
              By:
              /s/ Jonathan
      J. MartinJonathan
      J. MartinPresident,
      Principal Executive Officer, Principal Financial Officer, Principal
      Accounting Officer, Chairman of the Board of
    Directors(on
      behalf of the Company and as Principal Financial and Accounting
      Officer)