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| Delaware                        | 000-22563              | 95-4463937                           |
|---------------------------------|------------------------|--------------------------------------|
| (State or other jurisdiction of | Commission File Number | (I.R.S. Employer Identification No.) |
| incorporation or organization)  |                   |                                 |
|                            |                   |                                 |
|                            | 100 S.E. Second Street |                                 |
|                            | Miami, Florida 33131   |                                 |
|                            | 305/579-8000           |                                 |

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

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|                                  |                                                                                        |   | Page   |   |
|---------------------------------------|---------------------------------------------------------------------------------------------|--------|--------|--------|
|                                  |                                                                                        |   |   |   |
| Item 1.                               | Condensed Financial Statements (Unaudited):                                                 |   |   |   |
|                                  |                                                                                        |   |   |   |
|                                  | Condensed Balance Sheets as of March 31, 2011 and December 31, 2010                         |   |   | 2      |   |
|                                  |                                                                                        |   |   |   |   |
|                                  | Condensed Statements of Operations for the three months ended March 31, 2011 and 2010       |   |   | 3      |   |
|                                  |                                                                                        |   |   |   |   |
|                                  | Condensed Statements of Cash Flows for the three months ended March 31, 2011 and 2010       |   |   | 4      |   |
|                                  |                                                                                        |   |   |   |   |
|                                  | Notes to the Condensed Financial Statements                                                 |   |   | 5      |   |
|                                  |                                                                                        |   |   |   |   |
| Item 2.                               | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   |   | 7      |   |
|                                  |                                                                                        |   |   |   |   |
| Item 3.                               | Controls and Procedures                                                                     |   |   | 10     |   |
|                                  |                                                                                        |   |   |   |   |
| PART  II. OTHER INFORMATION |                                                                                        |   |   |   |
|                                  |                                                                                        |   |   |   |   |
| Item 1.                               | Legal Proceedings                                                                           |   |   | 11     |   |
|                                  |                                                                                        |   |   |   |   |
| Item 6.                               | Exhibits                                                                                    |   |   | 11     |   |
|                                  |                                                                                        |   |   |   |   |
| SIGNATURE                             |                                                                                        |   | 12     |   |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | March 31, |       |   | December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|------------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2011      |       |   | 2010         |   |
| Assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |      |       |   |         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |
| Current assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |       |   |         |   |
| Cash and cash equivalents                                                                                                         |   | $         | 6,092      |   |         | $      | 5,586 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Total assets                                                                                                                                                    |   | $         | 6,092      |   |         | $      | 5,586 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Liabilities and Stockholders’ Deficiency:                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |       |   |         |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Current liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Accounts payable and accrued expenses                                                                                             |   | $         | 4,414      |   |         | $      | 9,076 |   |
| Accrued interest on revolving credit promissory note                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      | 6,640      |   |         |   | 3,930 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Total current liabilities                                                                                                                                       |   |      | 11,054     |   |         |   | 13,006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Revolving credit promissory note from related party                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |      | 53,500     |   |         |   | 37,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Commitments and contingencies                                                                                 |   |      | —    |   |         |   | — |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Stockholders’ deficiency:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |       |   |         |   |   |   |
| Preferred stock, $.01 par value.  Authorized 5,000,000 shares; no shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                     |   |      | —    |   |         |   | — |   |
| Common stock, $.01 par value.  Authorized 25,000,000 shares; 3,270,000 shares issued and outstanding                                                                                                                                                                                                                                                                                                                                                                                                                |   |      | 32,700     |   |         |   | 32,700 |   |
| Additional paid-in capital                                                                                                        |   |      | 8,223,444  |   |         |   | 8,223,444 |   |
| Accumulated deficit                                                                                                               |   |      | (8,314,606 | )      |         |   | (8,301,064 | ) |
| Accumulated other comprehensive income                                                                                            |   |      | —    |   |         |   | — |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Total stockholders’ deficiency                                                                                                                            |   |      | (58,462    | )      |         |   | (44,920 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      |       |   |         |   |   |   |
| Total liabilities and stockholders’ deficiency                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $         | 6,092      |   |         | $      | 5,586 |   |

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|                                        |   | Three Months Ended |      |
|---------------------------------------------|--------|--------------------|-----------|
|                                        |   | March 31,          |      |   | March 31, |   |
|                                        |   | 2011               |      |   | 2010 |   |
| Revenues                                    |   | $                  | -         |   |   | $ | - |   |
|                                        |   |               |      |   |   |   |   |   |
| Cost and expenses:                          |   |               |      |   |   |   |   |   |
| General and administrative                  |   |               | 10,832    |   |   |   | 7,920 |   |
|                                        |   |               | 10,832    |   |   |   | 7,920 |   |
|                                        |   |               |      |   |   |   |   |   |
| Operating loss                              |   |               | (10,832   | ) |   |   | (7,920 | ) |
|                                        |   |               |      |   |   |   |   |   |
|                                        |   |               |      |   |   |   |   |   |
| Other expense:                              |   |               |      |   |   |   |   |   |
| Interest expense                            |   |               | (2,710    | ) |   |   | (621 | ) |
| Total other expense                         |   |               | (2,710    | ) |   |   | (621 | ) |
|                                        |   |               |      |   |   |   |   |   |
| Net loss                                    |   | $                  | (13,542   | ) |   | $ | (8,541 | ) |
|                                        |   |               |      |   |   |   |   |   |
|                                        |   |               |      |   |   |   |   |   |
| Net loss per share (basic and diluted)      |   | $                  | (0.00     | ) |   | $ | (0.00 | ) |
|                                        |   |               |      |   |   |   |   |   |
| Shares used in computing net loss per share |   |               | 3,270,000 |   |   |   | 3,120,000 |   |

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|                                                             |   | Three Months Ended |    |
|------------------------------------------------------------------|--------|--------------------|---------|
|                                                             |   | March 31,          |    |   | March 31, |   |
|                                                             |   | 2011               |    |   | 2010 |   |
| Cash flows from operating activities:                            |   |               |    |   |   |   |   |   |
| Net loss                                                         |   | $                  | (13,542 | ) |   | $ | (8,541 | ) |
|                                                             |   |               |    |   |   |   |   |   |
| Changes in assets and liabilities:                               |   |               |    |   |   |   |   |   |
| (Decrease) increase in accounts payable and accrued expenses     |   |               | (4,662  | ) |   |   | 1,213 |   |
| Increase in accrued interest on revolving credit promissory note |   |               | 2,710   |   |   |   | 620 |   |
|                                                             |   |               |    |   |   |   |   |   |
| Net cash used in operating activities                            |   |               | (15,494 | ) |   |   | (6,708 | ) |
|                                                             |   |               |    |   |   |   |   |   |
| Net cash from investing activities                               |   |               | -       |   |   |   | - |   |
|                                                             |   |               |    |   |   |   |   |   |
| Net cash from financing activities                               |   |               |    |   |   |   |   |   |
| Borrowings under revolving credit promissory note                |   |               | 16,000  |   |   |   | 15,000 |   |
| Net cash provided by financing activities                        |   |               | 16,000  |   |   |   | 15,000 |   |
|                                                             |   |               |    |   |   |   |   |   |
| Net increase in cash and cash equivalents                        |   |               | 506     |   |   |   | 8,292 |   |
| Cash and cash equivalents at beginning of period                 |   |               | 5,586   |   |   |   | 9,004 |   |
|                                                             |   |               |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                       |   | $                  | 6,092   |   |   | $ | 17,296 |   |

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| (1)   | Business and Organization |
|-----------------|---------------------------|

|  (2) | Principles of Reporting |
|-----------|-------------------------|

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|  (3) | Related Party Transactions |
|-----------|----------------------------|

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| Item 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

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| Item 3. | CONTROLS AND PROCEDURES |
|---------|-------------------------|

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

| Item 6.  | Exhibits |
|---------------|----------|

|   | 31.1 | Certification of Chief Executive Officer, Pursuant to Exchange Act Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification of Chief Financial Officer, Pursuant to Exchange Act Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification of Chief Executive Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | Certification of Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

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|               | CDSI HOLDINGS INC. |                            |
|--------------------|--------------------|---------------------------------|
|               | (Registrant)       |                            |
|               |               |                            |   |
| Date: May 16, 2011 | By:                | /s/J. Bryant Kirkland III  |   |
|               |               | J. Bryant Kirkland III          |   |
|               |               | Vice President, Treasurer       |   |
|               |               | and Chief Financial Officer     |   |
|               |               | (Duly Authorized Officer and    |   |
|               |               | Chief Accounting Officer)       |   |

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