**U.S.
      Securities and Exchange Commission**


**Washington,
      D.C. 20549**









**FORM
      10-QSB**







**[X]**
            **Quarterly
                Report Under Section 13 or 15(d) of The Securities Exchange Act of
                1934
                for the Quarterly Period Ended June 30,
                2007**





**[
                 ]**
            **Transition
                Report Under Section 13 or 15(d) of The Securities Exchange Act of
                1934
                for the Transition Period from _______ to
                _______**





**Commission
      File Number: 000-52670**







**BMX
      DEVELOPMENT CORP.**


**(FKA
      BIOMETRIX INTERNATIONAL, INC.)**


(Exact
      name of small business issuer as specified in its charter)







**FLORIDA**
            **20-2089854**(State
                or other jurisdiction of
            (IRS
                Employer Identification No.)incorporation
                or organization)




**17111
      Kenton Drive, Suite 100-B**


**Cornelius,
      North Carolina 28031**


(Address
      of principal executive offices)





**704-892-8733**


(Issuer's
      telephone number)









Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 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
                [  ]





Indicate
      by check mark whether the registrant is a shell company (as defined in rule
      12b-2 of the exchange act). Yes [  ] No [X]





Number
      of
      shares of common stock outstanding as of July 27,
      2007: 750,000









*Table
          of Contents*




**CAUTIONARY
      STATEMENT REGARDING FORWARD LOOKING INFORMATION**




The
      discussion contained in this 10-QSB under the Securities Exchange Act of 1934,
      as amended, contains forward-looking statements that involve risks and
      uncertainties. The issuer's actual results could differ significantly from
      those
      discussed herein. These include statements about our expectations, beliefs,
      intentions or strategies for the future, which we indicate by words or phrases
      such as "anticipate," "expect," "intend," "plan," "will," "we believe," "the
      Company believes," "management believes" and similar language, including those
      set forth in the discussions under "Notes to Consolidated Financial Statements"
      and "Management's Discussion and Analysis or Plan of Operation" as well as
      those
      discussed elsewhere in this Form 10-QSB. We base our forward-looking statements
      on information currently available to us, and we assume no obligation to update
      them. Statements contained in this Form 10-QSB that are not historical facts
      are
      forward-looking statements that are subject to the "safe harbor" created by
      the
      Private Securities Litigation Reform Act of 1995.




2




**TABLE
                OF
                CONTENTS****PART
                I. FINANCIAL INFORMATION**ITEM
                1.CONSOLIDATEDFINANCIAL
                STATEMENTS
            4ITEM
                2.MANAGEMENT'S
                DISCUSSION AND
                ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND CONSOLIDATED RESULTS
                OF
                OPERATION
            17ITEM
                3.CONTROLS AND
                PROCEDURES
            21**PART
                II. OTHER INFORMATION**ITEM
                1.LEGAL
                PROCEEDINGS
            22ITEM
                2.CHANGES IN
                SECURITIES AND USE OF
                PROCEEDS
            22ITEM
                3.DEFAULTS UPON
                SENIOR
                SECURITIES
            22ITEM
                4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
            22ITEM
                5.OTHER
                INFORMATION
            22ITEM
                6.EXHIBITS AND
                REPORTS ON FORM
                8-K
            22SIGNATURES
            23INDEX
                TO
                EXHIBITS
            24







3
 *Table
          of Contents*




**ITEM
      1.** **CONSOLIDATED****FINANCIAL STA****TEMENTS**






**BMX
                  DEVELOPMENT CORP.****(FKA
                  BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                  BALANCE SHEETAS
                  OF JUNE 30, 2007ASSETSCURRENT
                  ASSETS:Cash
              
              $
              2,063TOTAL
                  CURRENT ASSETS
              
              
              2,063FIXED
                  ASSETS:Machinery
                  and equipment
              
              
              65,000Accumulated
                  depreciation
              
              
              (36,833
              )TOTAL
                  FIXED ASSETS
              
              
              28,167TOTAL
                  ASSETS
              
              $
              30,230LIABILITIES
                  AND STOCKHOLDERS' EQUITYCURRENT
                  LIABILITIESAccounts
                  payable
              
              $
              3,392Current
                  portion of bank note payable
              
              
              1,253TOTAL
                  CURRENT LIABILITIES
              
              
              4,645LONG-TERM
                  LIABILITIESBank
                  note payable
              
              
              6,510TOTAL
                  LONG-TERM LIABILITIES
              
              
              6,510STOCKHOLDERS'
                  EQUITYCommon
                  stock ($.001 par value, 200,000,000 shares authorized; 750,000
                  shares
                  issued and outstanding)
              
              
              750Additional
                  paid in capital
              
              
              96,950Retained
                  deficit
              
              
              (78,625
              )TOTAL
                  STOCKHOLDERS' EQUITY
              
              
              19,075TOTAL
                  LIABILITIES AND STOCKHOLDERS' EQUITY
              
              $
              30,230The
                  accompanying notes are an integral part of these consolidated financial
                  statements




4
 *Table
          of Contents*




**BMX
                  DEVELOPMENT CORP.****(FKA
                  BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                  STATEMENTS OF OPERATIONSFOR
                  THE THREE AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006For
                  the Three Months
              
              
              For
                  the Six MonthsEnded
                  June 30,
              
              
              Ended
                  June 30,2007
              
              
              2006
              
              
              2007
              
              
              2006REVENUES:Sales
              
              $
              20,502
              
              
              $
              32,080
              
              
              $
              36,420
              
              
              $
              54,353Cost
                  of sales
              
              
              (11,679
              )
              
              
              (19,771
              )
              
              
              (18,058
              )
              
              
              (36,586
              )Gross
                  profit
              
              
              8,823
              
              
              
              12,309
              
              
              
              18,362
              
              
              
              17,767EXPENSES:Selling,
                  general and administrative expenses
              
              
              14,790
              
              
              
              14,357
              
              
              
              25,364
              
              
              
              22,633Total
                  expenses
              
              
              14,790
              
              
              
              14,357
              
              
              
              25,364
              
              
              
              22,633Loss
                  from operations
              
              $
              (5,967
              )
              
              $
              (2,048
              )
              
              $
              (7,002
              )
              
              $
              (4,866
              )Interest
                  expense
              
              
              (1,767
              )
              
              
              (2,604
              )
              
              
              (2,302
              )
              
              
              (3,908
              )Loss
                  before income taxes
              
              
              (7,734
              )
              
              
              (4,652
              )
              
              
              (9,304
              )
              
              
              (8,774
              )Provision
                  for income taxes
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -NET
                  LOSS
              
              $
              (7,734
              )
              
              $
              (4,652
              )
              
              $
              (9,304
              )
              
              $
              (8,774
              )Basic
                  and fully diluted net loss per common share:
              
              $
              (0.011
              )
              
              $
              (0.008
              )
              
              $
              (0.015
              )
              
              $
              (0.016
              )Weighted
                  average common shares outstanding
              
              
              683,333
              
              
              
              550,000
              
              
              
              616,667
              
              
              
              550,000The
                  accompanying notes are an integral part of these consolidated
                  financial statements




5
 *Table
          of Contents*




**BMX
                  DEVELOPMENT CORP.****(FKA
                  BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                  STATEMENT OF STOCKHOLDERS' EQUITYFOR
                  THE SIX MONTHS ENDED JUNE 30, 2007AdditionalCommon
                  Stock
              
              
              Paid-in
              
              
              AccumulatedShares
              
              
              Amount
              
              
              Capital
              
              
              DeficitBalances,
                  January 1, 2007
              
              
              550,000
              
              
              $
              550
              
              
              $
              91,550
              
              
              $
              (69,321
              )Fair
                  value of rent contributed by related party
              
              
              -
              
              
              
              -
              
              
              
              5,400
              
              
              
              -Issuance
                  for acquisition of Johnson High Performance, Inc.
              
              
              200,000
              
              
              
              200
              
              
              
              -
              
              
              
              -Net
                  loss for the quarter ended June 30, 2007
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (9,304
              )Balances,
                  June 30, 2007
              
              
              750,000
              
              
              $
              750
              
              
              $
              96,950
              
              
              $
              (78,625
              )The
                  accompanying notes are an integral part of these consolidated
                  financial statements




6
 *Table
          of Contents*




**BMX
                  DEVELOPMENT CORP.****(FKA
                  BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                  STATEMENTS OF CASH FLOWSFOR
                  THE SIX MONTHS ENDED JUNE 30, 2007 and 20062007
              
              
              2006CASH
                  FLOWS FROM OPERATING ACTIVITIES:Net
                  loss
              
              $
              (9,304
              )
              
              $
              (8,774
              )Depreciation
              
              
              6,500
              
              
              
              6,500Fair
                  value of rent contributed by related party
              
              
              5,400
              
              
              
              5,400Increase
                  (decrease) in operating liabilitiesAccounts
                  payable
              
              
              (408
              )
              
              
              (998
              )NET
                  CASH PROVIDED BY OPERATING ACTIVITIES
              
              
              2,188
              
              
              
              2,128CASH
                  FLOWS FROM FINANCING ACTIVITIES:Principal
                  repayments of bank note payable
              
              
              (460
              )
              
              
              (460
              )NET
                  CASH USED IN FINANCING ACTIVITIES
              
              
              (460
              )
              
              
              (460
              )NET
                  INCREASE IN CASH AND CASH EQUIVALENTS
              
              
              1,728
              
              
              
              1,668CASH
                  AND CASH EQUIVALENTS,BEGINNING
                  OF THE PERIOD
              
              
              335
              
              
              
              -END
                  OF THE PERIOD
              
              $
              2,063
              
              
              $
              1,668SUPPLEMENTARY
                  CASH FLOW INFORMATION OF NON-CASHFINANCING
                  ACTIVITIES:NoneThe
                  accompanying notes are an integral part of these consolidated
                  financial statements
  7
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  Business
          Activity
  BMX
          Development Corp., FKA Biometrix International Inc., (the “Company”) is a motor
          cycle repair service company located in the Charlotte, North Carolina area.
          The
          Company was certified as incorporated in the State of Florida officially
          on
          January 3, 2005 although the articles of incorporation were filed on December
          28, 2004. Accordingly, under Florida Statutes 607.0203, the effective date
          for
          corporate existence was December 28, 2004, within five business days of
          the
          certification thereto. On May 30, 2007, the Company legally changed its
          name to
          BMX Development Corp. to better suit the business in which it currently
          operates
          in.
  Basis
          of Presentation
  The
          consolidated financial statements include the accounts of BMX Development
          Corp.
          and its wholly owned subsidiary under the accrual basis of accounting.
          All
          intercompany accounts and transactions have been eliminated.
  Management’s
          Use of Estimates
  The
          preparation of consolidated financial statements in conformity with accounting
          principles generally accepted in the United States of America requires
          management to make estimates and assumptions that affect the reported amounts
          of
          assets and liabilities at the date of the consolidated financial statements
          and
          the reported amounts of revenues and expenses during the reporting periods.
          Actual results could differ from those estimates.
  Deferred
          Taxes
  Income
          taxes are provided in accordance with Statement of Financial Accounting
          Standards No. 109 (SFAS No. 109), *“Accounting for Income Taxes.”* A
          deferred tax asset or liability is recorded for all temporary differences
          between financial and tax reporting and net operating loss-carry
          forwards.
  Deferred
          tax assets are reduced by a valuation allowance when, in the opinion of
          management, it is more likely than not that, some portion or all of the
          deferred
          tax asset will not be realized. Deferred tax assets and liabilities are
          adjusted
          for the effect of changes in tax laws and rates on the date of
          enactment.
  Financial
          Instruments
  The
          Company’s consolidated financial instruments are cash and accounts payable. The
          recorded values of receivables and payables approximate their fair values
          based
          on their short-term nature.
  8
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)
  Cash
          and Cash Equivalents - For purposes of the Statement of Cash Flows, the
          Company considers highly liquid investments with an original maturity of
          six
          months or less to be cash equivalents.
  Revenue
          Recognition– Revenue is recognized when repair services are completed
          provided collection of the resulting receivable is probable.
  Comprehensive
          Income (Loss) - The Company adopted Financial Accounting Standards Board
          Statement of Financial Accounting Standards No. 130, *“Reporting
          Comprehensive Income”*, which establishes standards for the reporting and
          display of comprehensive income and its components in the consolidated
          financial
          statements. There were no items of comprehensive income (loss) applicable
          to the
          Company during the period covered in the consolidated financial
          statements.
  Loss
          Per Share - The Company reports loss per share in accordance with Statement
          of Financial Accounting Standard (SFAS) No.128. This statement requires
          dual
          presentation of basic and diluted earnings (loss) with a reconciliation
          of the
          numerator and denominator of the loss per share computations. Basic earnings
          per
          share amounts are based on the weighted average shares of common outstanding.
          If
          applicable, diluted earnings per share would assume the conversion, exercise
          or
          issuance of all potential common stock instruments such as options, warrants
          and
          convertible securities, unless the effect is to reduce a loss or increase
          earnings per share. There were no adjustments required to consolidated
          net loss
          for the period presented in the computation of consolidated diluted earnings
          per
          share.
  Impairment
          of Long-Lived Assets -The Company evaluated the recoverability of its
          property and equipment, and other assets in accordance with Statements
          of
          Financial Accounting Standards (SFAS) No. 121, *“Accounting for the
          Impairment of Long-Lived Assets to be Disposed of”*which requires
          recognition of impairment of long-lived assets in the event the net book
          value
          of such assets exceeds the estimated future undiscounted cash flows attributable
          to such assets or the business to which such intangible assets
          relate.
 
 9
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)
  Property
          and Equipment -Property and equipment is stated at cost. Depreciation is
          provided by the straight-line method over the estimated economic life of
          the
          property and equipment remaining from six to seven years.
  When
          assets are sold or retired, their costs and accumulated deprecation are
          eliminated from the accounts and any gain or loss resulting from their
          disposal
          is included in the statement of operations.
  The
          Company recognizes an impairment loss on property and equipment when evidence,
          such as the sum of expected future cash flows (undiscounted and without
          interest
          charges), indicates that future operations will not produce sufficient
          revenue
          to cover the related future costs, including depreciation, and when the
          carrying
          amount of the asset cannot be realized through sale. Measurement of the
          impairment loss is based on the fair value of the assets.
  Risk
          and Uncertainties- The Company is subject to risks common to companies in
          the service industry, including, but not limited to, litigation, development
          of
          new technological innovations and dependence on key personnel.
  Share-Based
          Payments -In December 2004, the Financial Accounting Standards Board
          (“FASB”) issued SFAS No. 123 (R), “*Share-Based Payment”*, which
          establishes standards for transactions in which an entity exchanges its
          equity
          instruments for goods and services. This standard replaces SFAS No. 123
          and
          supercedes Accounting Principles Board (“APB”) Opinion No. 25, “*Accounting
          for Stock-Based Compensation*”. This standard requires a public entity to
          measure the cost of employee services, using an option-pricing model, such
          as
          the Black-Scholes Model, received in exchange for an award of equity instruments
          based on the grant-date fair value of the award. This eliminates the exception
          to account for such awards using the intrinsic method previously allowable
          under
          APB No. 25. Shares of commons stock issued for services rendered by a third
          party are recorded at fair market value, generally the quote at the close
          of
          market trading on the day for issuance of the stock or most recent sale.
          The
          Company adopted this standard during year ended December 31, 2006 using
          the
          modified prospective method.
 
 10
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)
  Recent
          Accounting Pronouncements- In February 2006, FASB issued SFAS No. 155,
“Accounting for Certain Hybrid Financial Instruments”. SFAS No. 155 amends SFAS
          No 133, “Accounting for Derivative Instruments and Hedging Activities”, and SFAF
          No. 140, “Accounting for Transfers and Servicing of Financial Assets and
          Extinguishments of Liabilities”. SFAS No. 155, permits fair value re-measurement
          for any hybrid financial instrument that contains an embedded derivative
          that
          otherwise would require bifurcation, clarifies which interest-only strips
          and
          principal-only strips are not subject to the requirements of SFAS No. 133,
          establishes a requirement to evaluate interest in securitized financial
          assets
          to identify interests that are freestanding derivatives or that are hybrid
          financial instruments that contain an embedded derivative requiring bifurcation,
          clarifies that concentrations of credit risk in the form of subordination
          are
          not embedded derivatives, and amends SFAS No. 140 to eliminate the prohibition
          on the qualifying special-purpose entity from holding a derivative financial
          instrument that pertains to a beneficial interest other than another derivative
          financial instrument. This statement is effective for all financial instruments
          acquired or issued after the beginning of the Company’s first fiscal year that
          begins after September 15, 2006. The adoption of SFAS No. 155 is not expected
          to
          have a material impact on the Company’s results of consolidated operations or
          consolidated financial position.
  In
          June
          2006, the FASB issued Interpretation No. 48, “Accounting for Uncertainty in
          Income Taxes - an interpretation of FASB Statement No. 109” (“FIN 48”) which
          prescribes a recognition threshold and measurement attribute, as well as
          criteria for subsequently recognizing, derecognizing and measuring uncertain
          tax
          positions for financial statement purposes. FIN 48 also requires expanded
          disclosure with respect to the uncertainty in income tax assets and liabilities.
          FIN 48 is effective for fiscal years beginning after December 15, 2006,
          which
          will be the Company’s calendar year 2007, and is required to be recognized as a
          change in accounting principle through a cumulative-effect adjustment to
          retained earnings as of the beginning of the year of adoption. The adoption
          of
          FIN 48 is not expected to have a material impact on the Company’s consolidated
          results of operations or consolidated financial position.
  11
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
          (CONTINUED)
  Recent
          Accounting Pronouncements (cont.) –In June 2006, the Financial Accounting
          Standards Board (“FASB”) ratified the provisions of Emerging Issues Task Force
          (“EITF”) Issue No. 06-3, “How Taxes Collected from Customers and Remitted to
          Governmental Authorities Should Be Presented in the Income Statement (That
          Is,
          Gross versus Net Presentation)”. EITF Issue No. 06-3 requires that the
          presentation of taxes within revenue-producing transactions between a seller
          and
          a customer, including but not limited to sales, use, value added, and some
          excise taxes, should be on either a gross (included in revenue and cost)
          or a
          net (excluded from revenue) basis. In addition, for any such taxes that
          are
          reported on a gross basis, a company should disclose the amounts of those
          taxes
          in interim and annual financial statements for each period for which an
          income
          statement is presented if those amounts are significant. The disclosure
          of those
          taxes can be done on an aggregate basis. EITF Issue No. 06-3 is effective
          for
          fiscal years beginning after December 15, 2006, which will be the Company’s
          calendar year 2007. The adoption of EITF Issue No. 06-3 is not expected
          to have
          a material impact on the Company’s consolidated results of operations or
          consolidated financial position.
  In
          September 2006, the Securities and Exchange Commission issued Staff Accounting
          Bulletin No.108 (“SAB No. 108”), “Considering the Effects of Prior Year
          Misstatements when Quantifying Current Year Misstatements”. SAB No. 108 requires
          analysis of misstatements using both an income statement (rollover) approach
          and
          a balance sheet (iron curtain) approach in assessing materiality and provides
          for a one-time cumulative effect transition adjustment. SAB No. 108 is
          effective
          for the fiscal year beginning November 15, 2006. The adoption of SAB No.
          108 is
          not expected to have a material impact on the Company’s consolidated results of
          operations or consolidated financial position.
  In
          March
          2006, the FASB issued SFAS No. 156. This Statement amends FASB Statement
          No.
          140, Accounting for Transfers and Servicing of Financial Assets and
          Extinguishments of Liabilities, with respect to the accounting for separately
          recognized servicing assets and servicing liabilities. This Statement is
          effective as of the beginning of its first fiscal year that begins after
          September 15, 2006. An entity should apply the requirements for recognition
          and
          initial measurement of servicing assets and servicing liabilities prospectively
          to all transactions after the effective date of this Statement.
 
 12
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 
  Recent
            Accounting Pronouncements (cont.) –In September 2006, the FASB
            issued SFAS No. 157 and No. 158. Statement No. 157 defines fair value,
            establishes a framework for measuring fair value in generally accepted
            accounting principles (GAAP), and expands disclosures about fair value
            measurements. This Statement applies under other accounting pronouncements
            that
            require or permit fair value measurements, the Board having previously
            concluded
            in those accounting pronouncements that fair value is the relevant measurement
            attribute. Accordingly, this Statement does not require any new fair
            value
            measurements. However, for some entities, the application of this Statement
            will
            change current practice.
  Statement
          No. 158 is an amendment of FASB Statements No. 87, 88, 106, and 132(R).
          It
          improves financial reporting by requiring an employer to recognize the
          over
          funded or under funded status of a defined benefit postretirement plan
          (other
          than a multiemployer plan) as an asset or liability in its statement of
          financial position and to recognize changes in that funded status in the
          year in
          which the changes occur through comprehensive income of a business entity
          or
          changes in unrestricted net assets of a not-for-profit organization. This
          Statement also improves financial reporting by requiring an employer to
          measure
          the funded status of a plan as of the date of its year-end statement of
          consolidated financial position, with limited exceptions.
  The
          Company does not expect application of SFAS No. 156, 157 and 158 to have
          a
          material effect on its consolidated financial statements.
  NOTE
          2 INCOME TAXES
  At
          June
          30, 2007, the Company had federal and state net operating loss carry forwards
          of
          approximately $56,000 that expire in the year 2020.
  Due
          to
          operating losses, there is no provision for current federal or state income
          taxes for the six months ended June 30, 2007 and 2006.
  Deferred
          income taxes reflect the net tax effects of temporary differences between
          the
          carrying amounts of assets and liabilities for financial reporting purposes
          and
          the amount used for federal and state income tax purposes.
 
 13
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 The
          Company’s deferred tax asset at June 30, 2007 consists of net operating loss
          carry forwards calculated using federal and state effective tax rates equating
          to approximately $9,600 less a valuation allowance in the amount of
          approximately $9,600. Because of the Company’s lack of earnings history, the
          deferred tax asset has been fully offset by a valuation allowance. The
          valuation
          allowance increased by approximately $800 for the six month period June
          30,
          2007.
  The
          Company’s total deferred tax asset as of June 30, 2007 is as
          follows:
  Net
          operating loss carry
          forwards                                                           $    9,600
 Valuation
          allowance                                                                            
 (9,600)
  Net
          deferred tax
          asset                                                                         
  $      --
 =======
  The
          reconciliation of income taxes computed at the federal and state statutory
          income tax rate to total income taxes for the six months ended June 30,
          2007 and
          2006 is as follows:
  Income
          tax computed at the federal statutory
          rate                  
34%
 Income
          tax computed at the state statutory
          rate                       5%
 Valuation
          allowance                                                            (39%)
  Total
          deferred tax
          asset                                                        0%
 
 
 NOTE
          3 CAPITAL STOCK
  The
          Company is authorized to issue 200,000,000 common shares at $.001 par value
          per
          share.
  The
          Company issued 200,000 common shares in May of 2007 to its Vice President,
          for
          the purchase of all of his stock in a motorcycle repair company that he
          solely
          owned.
  NOTE
          4 LOSS PER SHARE
  Loss
          per
          share is computed by dividing the net loss by the weighted average number
          of
          common shares outstanding during the period. Basic and diluted loss per
          share
          was the same for the six months ended June 30, 2007 and 2006.
  14
 *Table
              of Contents*
  **MX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          5 SUPPLEMENTAL CASH FLOW INFORMATION
  Supplemental
          disclosures of cash flow information for the six months ended June 30,
          2007 and
          2006 are summarized as follows:
  Cash
          paid
          during the period for interest and income taxes:
  2007               2006
  Income
          Taxes           $   --               
$  --
 Interest               
               $2,302             $3,908
  NOTE
          6 GOING CONCERN AND UNCERTAINTY
  The
          Company has suffered recurring losses from operations since inception.
          In
          addition, the Company has yet to generate an internal cash flow from its
          business operations. These factors raise substantial doubt as to the ability
          of
          the Company to continue as a going concern.
 
 Management’s
          plans with regard to these matters encompass the following actions: 1)
          obtain
          funding from new investors to alleviate the Company’s working deficiency, and 2)
          implement a plan to generate sales. The Company’s continued existence is
          dependent upon its ability to resolve it liquidity problems and increase
          profitability in its current business operations. However, the outcome
          of
          management’s plans cannot be ascertained with any degree of certainty. The
          accompanying consolidated financial statements do not include any adjustments
          that might result from the outcome of these risks and
          uncertainties.
 
 15
 *Table
              of Contents*
  **BMX
          DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
          TO
          CONSOLIDATED FINANCIAL STATEMENTS
 For
            the
            Six Months Ended June 30, 2007 and 2006
 NOTE
          7 BANK NOTE PAYABLE
  The
          Company has a term bank note payable to an unrelated banking institution
          bearing
          annual interest of 10.25%, secured by equipment with a net book value of
          approximately $28,167 at June 30, 2007. The note was originally for $9,900
          and
          consists of eighty-four monthly payments of principal and interest of $168
          with
          principal maturity in December, 2011.
  Principal
          maturities of the bank note payable as of June 30, 2007 for the next five
          years
          and thereafter is as follows:
 
 2007                                                      $       1,253
 2008                                                      $       1,394
 2009                                                      $       1,552
 2010                                                      $       1,728
 2011                                                      $       1,836
 Total                                                      $       7,763
 ========
 
 NOTE
          8 LEASE COMMITMENT AND RELATED PARTY TRANSACTION
  The
          Company has a three year lease at $100 per month with a related party company
          that is partially owned by its President. The lease expires on December
          31, 2007
          and, therefore, no future minimum lease commitment exists beyond one
          year.
  The
          Company also has an oral, month-to-month lease with an individual related
          to the
          Company’s Vice President. The lease is gratuitous and consists of approximately
          1,100 square feet of space including a bay area, shop and office. The
          consolidated financial statements herein include the imputed fair value
          of the
          space at $900 per month based upon comparables in the area.


16
 *Table
          of Contents*




**ITEM
      2.** **MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED
      FINANCIAL CONDITION AND RESULTS OF OPE****RATION**




As
      used
      herein the terms "we", "us", "our," the “Registrant,” “BMX” and the "Company"
      means, BMX Development Corp. (FKA Biometrix International, Inc.), a Florida
      corporation. These terms also refer to our wholly-owned subsidiary corporation,
      Johnson High Performance, Inc. (“JHP”), organized and existing under the laws of
      North Carolina on September 1, 2004, acquired on April 27, 2007.





GENERAL
      DESCRIPTION OF
      BUSINESS




We
      were
      incorporated on December 28, 2004 under the name Biometrix International, Inc.
      On May 30, 2007, we filed an amendment to the Articles of Incorporation with
      the
      Secretary of State of Florida to change our corporate name to BMX Development
      Corp. On April 27, 2007, we acquired our sole wholly-owned subsidiary, Johnson
      High Performance, Inc. ("JHP"). After the acquisition, we changed our corporate
      name to BMX Development Corp. as mentioned above and began the business for
      motorcycle repairs.




On
      April 27,
      2007, BMX (legal acquirer) executed a Plan of Exchange with JHP (accounting
      acquirer), the sole shareholder of JHP, pursuant to which BMX issued the new
      200,000 common shares to Dean A. Stewart, sole shareholder of JHP, pursuant
      to
      Regulation D under the Securities Act of 1933, as amended, in exchange for
      all
      of the common shares of JHP. As a result, JHP became the wholly-owner subsidiary
      of BMX.




The
      above
      mentioned stock exchange transaction has been accounted for as a reverse
      acquisition and recapitalization of BMX whereby JHP is deemed to be the
      accounting acquirer (legal acquiree) and BMX to be the accounting acquiree
      (legal acquirer). The accompanying consolidated financial statements are in
      substance those of JHP, with the assets and liabilities, and revenues and
      expenses, of BMX being included effective from the date of stock exchange
      transaction. BMX is deemed to be a continuation of the business of JHP.
      Accordingly, the accompanying consolidated financial statements include the
      following:





(1) The
                balance sheet consists of the net assets of the accounting acquirer
                at
                historical cost and the net assets of the accounting acquiree at
                historical cost;





(2) the
                financial position, results of operations, and cash flows of the
                acquirer
                for all periods presented as if the recapitalization had occurred
                at the
                beginning of the earliest period presented and the operations of
                the
                accounting acquiree from the date of stock exchange
                transaction.





Since
      the completion of the Plan of
      Exchange, which was on April 27, 2007, we have continued operations of JHP.
      Prior to the merger with JHP, we were an inactive, dormant shell corporation.
      We
      had been dormant since December, 2004 with operations consisting of only
      organizational activities. Management decided that the repair and servicing
      of
      motor cycles would be beneficial, thus we acquired a business in this
      field.





Our
      operations primarily involve street and off-road motorcycle servicing and
      repair, specializing in affordable brand name and after-market replacement
      products. Through our emphasis on budget pricing and high quality service,
      we
      have developed a market in the motorcycle service industry in the local
      Charlotte, North Carolina area and a fifty mile surrounding area. We currently
      operate one office and one service bay area that is maintained by a management
      team of two individuals. The present geographic area we operate in includes
      primarily the Mecklenburg County, and Iredell County areas of North Carolina.
      Our subsidiary’s phone number is (336) 992-0241. This is the number used by
      customers and for all other business related matters.




17
 *Table
          of Contents*





Marketing
      for our services is accomplished through print ads in newspapers as well as
      wholesale referrals. Additionally, we utilize a network of motor cycle owners
      and obtain business through networking with them.





The
      motorcycle repair service industry is highly competitive with respect to price,
      service, quality, and location. There are numerous competitors in the motorcycle
      repair servicing industry that possess substantially greater financial,
      marketing, personnel and other resources. There can be no assurance that we
      will
      be able to respond to various competitive factors affecting the business. We
      plan to gain a competitive advantage over our competitors in the motorcycle
      repair servicing industry by offering quality services at a low
      price.





We
      believe our quality and good customer service will differentiate our services
      from our competitors. For example, many of our listed prices currently match
      or
      are lower than the advertised prices of our major competitors. Also, we offer
      next day servicing on our repairs and our customer service professionals have
      an
      average of five years in the motorcycle industry which allows them to better
      serve our customers. However, since many of our competitors have greater brand
      loyalty and more capital resources than we do, there can be no assurance we
      will
      be successful in gaining that competitive advantage in our
      marketplace.





Our
      main
      markets are individual retail customers and wholesale buyers and no single
      customer makes up more than ten percent of our total revenues. We do not expect
      that this will change in the future.





We
      have
      two full-time employees. We also have two management consultants that are each
      independently contracted by us to service and provide financial consulting
      and
      services.





Our
      service line consists primarily of the following:




·
            Air
                filters                                Fuel
                valves                                           Throttle
                assemblies


·
            Air
                shifters                             Gaskets                                               
                Tires


·
            Carburetors                            Ignitions                                              
                 Transmission and clutch parts


·
            Chains                                   Piston
                kits                         
                     
                             Valves


·
            Cylinders                               Race
                engine
                valves                                Velocity
                stacks


·
            Exhaust
                systems            
                       RPM
                limiters                                         Wheels




We
      provide
      installation services for these products.




No
      single
      customer accounts for more than ten percent of our business. At the present
      time
      there is no need for governmental approvals, though this may change in the
      future.





*Servicing*




Our
      tool
      inventory consists of products which we purchase from wholesalers. Of our 200
      total square feet of facility, 100 square feet is dedicated to accounting,
      administration, billing, etc. We do provide installation and repair services
      from this facility.




18
 *Table
          of Contents*





*Pricing*





The
      price
      range of motor cycle replacement parts varies from market to market, affected
      by
      several factors including brand recognition, marketing strategies, quality,
      warranties, payment terms etc. A strategy primarily focused on being the lowest
      price typically results in more intense competition and lower profit margin.
      Therefore, on many of our services we offer multiple value choices in a
      good/better/best assortment, with appropriate price and quality differences
      from
      the “good” products to the “better” and “best” products. We believe that our
      overall prices compare favorably to those of our competitors.





*Marketing*





We
      believe that targeted advertising and marketing play important roles in
      succeeding in today’s environment. We will constantly work to understand our
      customers’ wants and needs so that we can build long-lasting, loyal
      relationships. We plan to utilize marketing and advertising primarily to advise
      customers about the overall importance of motor cycle maintenance, our great
      value and the availability of high quality service and parts. We are attempting
      to develop a targeted ‘loyalty program’ as a marketing method of driving new
      traffic to us. The basic idea of a ‘loyalty program’ is providing incentive
      discounts to the repeat customers. We will store up our customers' purchase
      records and set up guidelines to identify qualified customers. Such guidelines
      may include the total amount spent on repairs, or total visits for our services.
      For example, we may provide a 10% discount to customers whose total yearly
      spending exceeds $1,000. The loyalty program is still under development. We
      believe such incentives will appeal to our targeted customers including garages,
      service stations and other mechanics that repeatedly purchase use our services.
      To increase average sales dollars per transaction, we utilize creative
      promotional materials to increase the chance of up-selling and cross-selling
      opportunities.





*Purchasing
      and Supply Chain*





Replacement
      parts are selected and purchased from various vendors locally. We currently
      have
      several primary suppliers including Kustomwerks and Zippers. Neither of them
      are
      related parties. We typically assemble a list of replacement parts and products
      we need and phone or fax our orders into our suppliers on a daily basis. Most
      replacement parts and products are delivered to us the same day. We do not
      have
      any written distributors agreements with any of our suppliers. If we lost any
      of
      our suppliers, we believe we will be able to replace them with a comparable
      supplier without a material disruption to our business. However, we believe
      that
      we currently have good relationships with our suppliers.




*Environmental
      Law Compliance*





There
      are no current existing
      environmental concerns for our services. If this changes in the future, we
      make
      every effort to comply with all such applicable regulations.




**RESULTS
      OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
      2007**





The
      following discussion should be read
      in conjunction with the consolidated financial statements included in this
      report and is qualified in its entirety by the foregoing.




FORWARD
      LOOKING STATEMENTS


Certain
      statements in this report, including statements of our expectations, intentions,
      plans and beliefs, including those contained in or implied by "Management's
      Discussion and Analysis" and the Notes to Consolidated Financial Statements,
      are
      "forward-looking statements", within the meaning of Section 21E of the
      Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are
      subject to certain events, risks and uncertainties that may be outside our
      control. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”,
“will”, and similar expressions identify forward-looking statements. Readers are
      cautioned not to place undue reliance on these forward-looking statements,
      which
      speak only as of the date on which they are made. We undertake no obligation
      to
      update or revise any forward-looking statements. These forward-looking
      statements include statements of management's plans and objectives for our
      future operations and statements of future economic performance, information
      regarding our expansion and possible results from expansion, our expected
      growth, our capital budget and future capital requirements, the availability
      of
      funds and our ability to meet future capital needs, the realization of our
      deferred tax assets, and the assumptions described in this report underlying
      such forward-looking statements. Actual results and developments could differ
      materially from those expressed in or implied by such statements due to a number
      of factors, including, without limitation, those described in the context of
      such forward-looking statements.




19
 *Table
          of Contents*





CRITICAL
      ACCOUNTING POLICIES




*Revenue
      recognition*





We
      recognize revenue when repair services are completed, persuasive evidence of
      an
      arrangement exists, the fee is fixed or determinable and collectibility is
      probable. We assess collectibility based upon the clients’ financial condition
      and prior payment history, as well as our performance under the
      contract.





*Property,
      Plant, and
      Equipment*





Property
      and equipment are stated at cost less accumulated depreciation and accumulated
      impairment losses, if any. Depreciation is calculated on the straight-line
      basis
      over the following expected useful lives from the date on which they become
      fully operational and after taking into account their estimated residual
      values:





Depreciable
                lifeMachinery
            5
                yearsEquipment
            5
                years





Expenditure
      for maintenance and repairs is expensed as incurred.





Revenues




Net
      revenues
      were $20,502 and $36,420 for the three months and six months ended June 30,
      2007, respectively, compared to net revenues of $32,080 and $54,363 for the
      three months and six months ended June 30, 2006, respectively. The sales
      revenues were due primarily to motorcycle repairs and maintenance. The decline
      in revenues was due to fewer advertising in 2007 due to a shortage of
      cash.





Income
      / Loss





We
      had
      net losses of $7,734 and $9,304 for the three months and six months ended June
      30, 2007, respectively, compared to net losses of $4,652 and $8,774 for the
      three months and six months ended June 30, 2006, respectively. The net losses
      in
      these periods were primarily due to depreciation expense, which were $3,250
      in
      each of the quarters for the six months ended June 30, 2007 and 2006. We also
      imputed the fair value of rent provided by our Vice President’s brother of
      $2,700 in each of the quarters for the six months ended June 30, 2007 and 2006,
      respectively.





Expenses





Operating
      expenses for the three months and six months ended June 30, 2007 were $14,790
      and $25,364, respectively, compared to operating expenses of $14,357 and $22,633
      for the three months and six months ended June 30, 2006, respectively.
      Depreciation expense fees as mentioned above and utilities expenses of $556
      and
      $855 for the six months ended June 30, 2007 and 2006, respectively, were the
      primary reasons for the changes in the respective periods. Also, uniform
      expenses of $1,324 and $571 for the six months ended June 30, 2007 and 2006,
      respectively, was another reason for the changes in the respective
      periods.




20
 *Table
          of Contents*




Cost
      of Revenue





Cost
      of
      revenue primarily includes sales of purchased motor cycle parts inventory.
      During the three months and six months ended June 30, 2007, we had cost of
      revenues of $11,679, or approximately 57% of revenues, and $18,058, or
      approximately 50% of revenues, respectively, versus cost of revenues of $19,771,
      or approximately 61% of revenues, and $36,586, or approximately 67% of revenues,
      during the three months and six months ended June 30, 2006, respectively. The
      cost of revenue as a percentage of revenue was fairly stable, with cost cutting,
      efficiency measures in labor taking effect in 2007, during the three-month
      and
      six-month periods ended June 30, 2007 and the comparative periods in the
      previous year primarily attributable to the stable price in the cost
      components.





Impact
      of Inflation





We
      believe that inflation has had a negligible effect on operations during the
      three-month and six-month periods ended June 30, 2007 and the comparative
      periods in the previous period. We believe that we can offset inflationary
      increases in the cost of revenue by increasing revenue and improving operating
      efficiencies.




Liquidity
      and Capital Resources





Net
      cash
      flows provided by operating activities were $2,188 and $2,128 for the three
      months ended June 30, 2007 and 2006, respectively, primarily attributable to
      a
      net loss, which were $9,304 and $8,774 for the six months ended June 30, 2007
      and 2006, offset by depreciation expense of $6,500, fair value of rent provided
      in the amount of $5,400, and increases in accounts payable in each of these
      two
      periods.





There
      were no cash flows from investing activities for the six months ended June
      30,
      2007 and 2006.





Net
      cash
      flows used in financing activities were $460 and $460 for the six months ended
      June 30, 2007 and 2006, solely attributable to principal repayments on our
      note
      payable to the bank.




Overall,
      we have funded all of our cash needs from inception through June 30, 2007 with
      proceeds from issuance of our common stock.





On
      June
      30, 2007, we had cash of $2,063 on hand.We do not have or anticipate having
      within the next 12 months any cash flow or liquidity problems and we are not
      in
      default or in breach of our note or lease or other indebtedness or financing
      arrangement requiring us to make payments.





No
      significant amount of our trade payables has been unpaid within the stated
      trade
      term. We are not subject to any unsatisfied judgments, liens or settlement
      obligations.





**ITEM
      3. CONTROLS AND PROCEDURES.**




We
      maintain
      disclosure controls and procedures designed to ensure that information required
      to be disclosed in reports filed under the Securities Exchange Act of 1934
      (“Exchange Act”) is recorded, processed, summarized and reported within the
      specified time periods. Our Chief Executive Officer and its Chief Financial
      Officer (collectively, the “Certifying Officers”) are responsible for
      maintaining our disclosure controls and procedures. Our controls and procedures
      established by us are designed to provide reasonable assurance that information
      required to be disclosed by the issuer in the reports that it files or submits
      under the Exchange Act are recorded, processed, summarized and reported within
      the time periods specified in the Commission’s rules and forms.




As
      of the end
      of the period covered by this report, the Certifying Officers evaluated the
      effectiveness of our disclosure controls and procedures. Based on the
      evaluation, the Certifying Officers concluded that our disclosure controls
      and
      procedures were effective to provide reasonable assurance that information
      required to be disclosed by us in the reports that we file or submit under
      the
      Exchange Act are recorded, processed, summarized and reported, within the time
      periods specified in the applicable rules and forms, and that it is accumulated
      and communicated to our management, including the Certifying Officers, as
      appropriate to allow timely decisions regarding required
      disclosure.




21
 *Table
          of Contents*





**PART
      II. OTHER INFORMATION**





**ITEM
      1. LEGAL PROCEEDINGS**





We
      are
      not aware of any pending or threatened legal proceedings, in which we are
      involved. In addition, we are not aware of any pending or threatened legal
      proceedings in which entities affiliated with our officers, directors or
      beneficial owners are involved.





**ITEM
      2. CHANGES IN 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 AND REPORTS ON FORM 8-K**





(1)
            Exhibits:
                Exhibits required to be attached by Item 601 of Regulation S-B are
                listed
                in the Index to Exhibits beginning on page 8 of this Form 10-QSB,
                which is
                incorporated herein by reference.




Reports
      on Form 8-K filed





(1)
            None.




22
 *Table
          of Contents*




**SIGNATURES**





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




**BMX
                DEVELOPMENT CORP. (FKA BIOMETRIX INTERNATIONAL,
                INC.)**Date:
                July 27, 2007
            By:
            /s/ Michael
                J. BongiovanniMichael
                J. Bongiovanni
              President









23
 *Table
          of Contents*




**INDEX
        TO EXHIBITS**
  **Exhibit
                  No.**
              
              **Description**31.1
              
              Certification
                  of Chief Executive
                  Officer31.2
              
              Certification
                  of Chief Financial
                  Officer32.1
              
              Statement
                  required by 18 U.S.C. Section 1350, as adopted
                  pursuant to section 906 of the Sarbanes-Oxley Act of
                  2002.32.2
              
              Statement
                  required by 18 U.S.C. Section 1350, as adopted
                  pursuant to section 906 of the Sarbanes-Oxley Act of
                  2002






24