UNITED STATES
                      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 quarter ended August 31, 2004

_ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
                                   For the transition period from ____ to _____


                        SUNBURST ACQUISITIONS IV, INC.
                    (Name of small business in its charter)

<TABLE>
<CAPTION>

<S>						<C>			<C>

		Colorado			0-23561                 84-1431797
	(State or other jurisdiction 	(Commission File Number)       (IRS Employer
								     Identification Number)
	of incorporation)
</TABLE>

<TABLE>
<CAPTION>
       541 Howe Street, Suite 300
        Vancouver, B.C., Canada          V6C 2C2

<S>                                      <C>
(Address of principal executive offices)(Zip Code)
</TABLE>

Registrant's telephone number, including area code:  (604) 684-1755

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities 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 ____

Applicable only to issuers involved in bankruptcy proceedings during the past
five years:

Check whether the issuer has filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court. Yes ____ No ____

Applicable only to corporate issuers:

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 886,894,312 as of October 15,
2004.

Transitional Small Business Disclosure Format (Check one):
Yes __ No X





                                       1


<PAGE>








      SUNBURST ACQUISITIONS IV, INC.

      CONSOLIDATED FINANCIAL STATEMENTS
       SIX-MONTHS ENDED AUGUST 31, 2004
      (UNAUDITED)






<TABLE>
<CAPTION>
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
<S>                                        	<C>

Consolidated Balance Sheet                  	3

Consolidated Statements of Operations       	4

Consolidated Statements of Cash Flows   	5

Notes to Consolidated Financial Statements	6
</TABLE>





                                       2


<PAGE>
SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEET
AUGUST 31
(UNAUDITED)

<TABLE>
<CAPTION>
------------------------------------------------------------------
                                                              2004
------------------------------------------------------------------
<S>                                                <C> <C> <C>

ASSETS

CURRENT
  Cash                                                     $365,955
  Accounts receivable                                         8,378
  Other current assets                                        6,983
------------------------------------------------------------------
TOTAL ASSETS                                               $381,316
------------------------------------------------------------------
LIABILITIES

CURRENT
  Accounts payable and accrued liabilities                  $80,619
  Convertible debentures (note 3)                           581,250
  Notes payable to related parties                           28,500
------------------------------------------------------------------
TOTAL CURRENT LIABILITIES                                   690,369

CUSTOMER DEPOSITS                                            45,747
------------------------------------------------------------------
TOTAL LIABILITIES                                           736,116
------------------------------------------------------------------
STOCKHOLDERS' EQUITY (DEFICIT)

CAPITAL STOCK
  AUTHORIZED
    20,000,000 Preferred stock with no par value
    200,000,000 Common stock with no par value
  ISSUED
    86,618,692 Common stock issued and outstanding        2,435,978
ADDITIONAL PAID-IN CAPITAL FROM STOCK OPTIONS               194,375
ADDITIONAL PAID-IN CAPITAL                                       16
DEFICIT ACCUMULATED DURING THE DEVELOPMENT STAGE        (2,991,662)
ACCUMULATED OTHER COMPREHENSIVE INCOME                        6,493
------------------------------------------------------------------
TOTAL STOCKHOLDERS' EQUITY                                (354,800)
------------------------------------------------------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $381,316
------------------------------------------------------------------
</TABLE>


See notes to consolidated financial statements.

                                       3


<PAGE>

SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

<TABLE>
<CAPTION>

<S>                                              <C>                <C>            <C>            <C>           <C>
-----------------------------------------------------------------------------------------------------------------------
						   Period Ended
                                                  from Inception
                                                (August 27, 1997) Three Months Ended August 31,Six Months Ended August 31,
                                                to August 31, 2004          2004          2003         2004         2003
-----------------------------------------------------------------------------------------------------------------------
REVENUES                                                  $246,395            $0            $0           $0      $13,579
-----------------------------------------------------------------------------------------------------------------------
EXPENSES
   Cost of goods sold                                       24,721             0             0            0       10,786
   Selling, general and administrative                   1,593,278       114,203         5,565      162,818        3,407
-----------------------------------------------------------------------------------------------------------------------
TOTAL EXPENSES                                           1,617,999       114,203         5,565      162,818       14,193
-----------------------------------------------------------------------------------------------------------------------
NET OPERATING LOSS                                     (1,371,604)     (114,203)       (5,565)    (162,818)        (614)
OTHER INCOME AND EXPENSE
   Interest expense                                      (186,200)     (142,917)       (1,152)    (142,917)      (2,303)
   Gain on sale of securities                              469,863             0             0            0            0
   Acquisition of resource properties (note 2)           (682,500)      (25,000)             0    (682,500)            0
-----------------------------------------------------------------------------------------------------------------------
NET LOSS FROM CONTINUING OPERATIONS                    (1,770,441)     (282,120)       (6,717)    (988,235)      (2,917)
DISCONTINUED OPERATIONS
  Loss on disposal
    HollywoodBroadcasting.com                          (2,066,371)             0             0            0            0
  Gain on disposition of discontinued operations           845,150             0             0            0            0
-----------------------------------------------------------------------------------------------------------------------
NET LOSS                                               (2,991,662)     (282,120)       (6,717)    (988,235)      (2,917)
ACCUMULATED DEFICIT, BEGINNING OF PERIOD                         0   (2,482,042)   (1,642,666)  (2,003,427)  (1,646,466)
-----------------------------------------------------------------------------------------------------------------------
ACCUMULATED DEFICIT, END OF PERIOD                     (2,991,662)   (2,764,162)   (1,649,383)  (2,991,662)  (1,649,383)
-----------------------------------------------------------------------------------------------------------------------
OTHER COMPREHENSIVE INCOME (LOSS)
   Unrealized foreign exchange income (loss)                 6,493       (1,160)       (1,496)      (2,436)       10,114
-----------------------------------------------------------------------------------------------------------------------
TOTAL COMPREHENSIVE LOSS                              $(2,985,169)    $(283,280)      $(8,213)   $(990,671)       $7,197
-----------------------------------------------------------------------------------------------------------------------
TOTAL LOSS PER SHARE
   Loss from continuing operations                        $ (0.02)      $ (0.00)      $ (0.00)     $ (0.02)     $ (0.00)
   Loss from discontinued operations                        (0.02)        (0.00)        (0.00)       (0.00)       (0.00)
   Gain on disposal of discontinued operations                0.01        (0.00)        (0.00)       (0.00)       (0.00)
-----------------------------------------------------------------------------------------------------------------------
TOTAL LOSS                                                $ (0.03)      $ (0.00)      $ (0.00)     $ (0.02)     $ (0.00)
-----------------------------------------------------------------------------------------------------------------------
WEIGHTED AVERAGE NUMBER OF
  COMMON STOCK OUTSTANDING                              86,618,692    84,578,702    35,457,597   61,555,963   35,457,597
-----------------------------------------------------------------------------------------------------------------------
</TABLE>

See notes to consolidated financial statements.

                                       4


<PAGE>

SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

<TABLE>
<CAPTION>

<S>                        <C>                               <C>        <C>    <C>   <C>   <C>   <C>
------------------------------------------------------------------------------------------------
				     Period from Inception
                                       (August 27, 1997)              Six Months Ended August 31,
                                       to August 31, 2004                 2004         2003
------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
  Net loss                                                       $(2,991,662) $(988,235)$(2,917)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO NET CASH FLOWS
   Write-off of deposit for exploration expenditures                        0     57,500       0
   Acquisition of resource properties (note 2)                        430,000    430,000       0
   Accrued interest on Convertible Debentures                         142,917    142,917       0
   Gain on sale of securities                                       (469,863)          0       0
   Foreign exchange loss, unrealized                                    6,493    (2,436)  10,114
   Issuance of options                                                225,375          0       0
   Depreciation                                                        52,332          0       0
   Allowance for doubtful accounts                                     88,360          0       0
   Discontinued operations                                          (846,150)          0       0
   (Increase) decrease in inventory                                  (57,705)          0  22,245
   Decrease in other assets                                         (482,240)      (503)(87,692)
   (Increase) decrease in accounts receivable                        (29,876)      (172)  12,128
   Increase (decrease) in accrued expenses                            150,218          0   2,302
   Increase in customer deposits                                       45,747        938  41,712
   Increase in accounts payable                                       183,658     58,426   3,734
------------------------------------------------------------------------------------------------
NET CASH FLOWS FROM OPERATING ACTIVITIES                          (3,552,396)  (301,565)   1,717
------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES
    Purchase of investment                                           (22,353)          0       0
    Maturity of investment                                             22,353          0       0
    Proceeds from sale of securities                                  394,863          0       0
    Purchase of property and equipment                              (208,585)          0       0
------------------------------------------------------------------------------------------------
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES                       186,278          0       0
------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES
   Proceeds of sale of discontinued operations                          1,000          0       0
   Related party debt                                                 691,056          0       0
   Proceeds from notes payable to stockholders                        548,191          0       0
   Proceeds from notes payable                                        100,500          0       0
   Proceeds from convertible debenture                                438,333    408,333       0
   Paid-in capital                                                         16          0       0
   Stock subscriptions                                                196,135    196,135       0
   Proceeds from exercise of options                                   68,000     35,000       0
   Issuance of common stock                                         1,688,842      5,975       0
------------------------------------------------------------------------------------------------
CASH PROVIDED BY FINANCING ACTIVITIES                               3,732,073    645,443       0
------------------------------------------------------------------------------------------------
INFLOW OF CASH AND CASH EQUIVALENTS                                   365,955    343,878   1,717
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                              0     22,077   9,577
------------------------------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS, END OF PERIOD                             $365,955   $365,955 $11,294
------------------------------------------------------------------------------------------------
</TABLE>

See notes to consolidated financial statements.

                                       5


<PAGE>

SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SIX-MONTH ENDED AUGUST 31, 2004
(UNAUDITED)

-------------------------------------------------------------------------------

   1. MANAGEMENT'S REPRESENTATION OF INTERIM FINANCIAL INFORMATION

   These  unaudited  financial statements have been prepared in accordance with
   generally accepted accounting principles in the United States of America for
   interim financial information.  These financial statements are condensed and
   do not include all  disclosures  required  for  annual financial statements.
   The organization and business of the Company, accounting  policies  followed
   by  the  Company  and  other  information  are contained in the notes to the
   Company's  audited  financial  statements filed  as  par  to  the  Company's
   February 29, 2004 Form 10KSB.

   In  the  opinion of the Company's  management,  these  financial  statements
   reflect all  adjustments necessary to present fairly the Company's financial
   position at August  31,  2004  and  the results of operations for the three-
   months and six-months ended August 31, 2004, and the statement of cash flows
   for the six-months ended August 31, 2004.  The results of operations for the
   three months ended August 31, 2004 are  not  necessarily  indicative  of the
   results to be expected for the entire year.

2. ACQUISITION OF SIERRA MINERALS AND MINING, INC.

   During  the  quarter  ending  May  31,  2004,  the Company completed a share
   exchange  with  the  shareholders  of  Sierra  Minerals   and  Mining,  Inc.
   ("Sierra").   Pursuant  to  the  terms of the share exchange agreement,  the
   Company issued 43,000,000 shares of  its common stock in exchange for all of
   the outstanding shares of Sierra.  As a result, Sierra became a wholly owned
   subsidiary of the Company.  The common shares were valued at $0.01 per share
   which represents a 50% discount to the  cash  issue  price of recent private
   placements  of  3,650,000  shares  at  $0.02  per share.  Finder's  fees  of
   6,000,000 options to purchase the same number of  shares  in  the Company at
   $0.01 per share are payable to non-related parties in connection  with  this
   share  exchange.  The options have not yet been issued.  Sierra is a company
   incorporated  in the state of Nevada that was incorporated just prior to the
   share exchange  with  the  Company.   Sierra had no activities or operations
   other than having an option to acquire  an interest in a property in Mexico,
   as  noted  below.   Due  to the uncertainty of  the  future  revenue  to  be
   generated from this property  the  cost  of  the acquisition of $430,000 has
   been charged to operations for the quarter ending May 31, 2004.

   Sierra is a party to a joint venture agreement with Minera Rio Tinto S.A. de
   C.V., a Mexican company ("MRT") pursuant to which Sierra and MRT have agreed
   to explore and develop, if feasible, certain mining  properties in the state
   of  Chihuahua, Mexico.  During the period the Company,  loaned  a  total  of
   $195,000  to MRT pursuant to an unsecured promissory note payable due August
   31, 2004 with  interest at 8% per annum (the Company had previously advanced
   $57,500 during the  year  ended February 29, 2004 under similar terms) to be
   applied to the $1,000,000 requirement investment as stated below.

   The joint venture agreement between Sierra and MRT requires Sierra to invest
   cash totalling $1,000,000 by  June 30, 2004, and to secure a $2,000,000 line
   of credit for the joint venture  within  sixty  days  of  signing  the joint
   venture agreement.  The $1,000,000 investment will be reduced by $57,500 and
   $195,000  previously  advanced, plus accrued interest, upon commencement  of
   the joint venture.  MRT  will  contribute the properties.  The joint venture
   is to be owned 60% by Sierra and  40% by MRT, however, should Sierra fail to
   secure the line of credit, its interest  shall  be  reduced  to  30% and the
   interest of MRT shall be increased to 70%.



				6


<PAGE>

   The Company is in default of the agreement,  as  it
   did  not  fulfil  its required investment of $1,000,000 by June 30, 2004 and
   did not secure a line  of  credit  for  $2,000,000.  On October 1, 2004, the
   Company  has  signed  an extension to provide  the  required  investment  of
   $1,000,000 by November  10,  2004. The Company will also have until November
   30, 2004, to secure the $2,000,000 line of credit.





				7


<PAGE>

SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SIX-MONTH ENDED AUGUST 31, 2004
(UNAUDITED)

-------------------------------------------------------------------------------

3. CONVERTIBLE DEBENTURES

   On August 25, 2004, the company entered into a Securities Purchase Agreement
   (the "Agreement"), with Bristol  Investment Fund, Ltd., Alpha Capital AG and
   Stonestreet LP (the "Purchasers"). Pursuant to the Agreement, the Purchasers
   agreed to purchase up to $1,350,000  in  face  amount of Secured Convertible
   Debentures (the "Debentures") from the company.   The  Debentures  will  not
   bear  interest  but  will  be  issued  at  a  35% premium to the Purchaser's
   Subscription  amount.  Accordingly, the cash purchase  price  for  the  full
   $1,350,000  face  amount  of   the  Debentures  will  be  $1,000,000.    The
   Debentures will be due and payable  in  full  one  year  from  the  date  of
   issuance.

   The  Purchasers  have  the  right  to  convert  the  full face amount of the
   Debentures  to common stock of the company at a price of  $0.10  per  share.
    The conversion price is subject to adjustment in the event the market price
   of the company's common stock falls below $0.10 per share for 10 days during
   any 20 consecutive day period. Under the Agreement, the Purchasers will also
   receive Warrants  and Additional Investment Rights to purchase shares of the
   company's common stock.   The  Warrants  are exercisable at a price of $0.12
   per share for a period of 5 years and give the holders the right to purchase
   the  same  number  of shares as the total number  of  shares  issuable  upon
   conversion  of  the  Debentures.    The  Additional  Investment  Rights  are
   exercisable at a price of $0.10 per  share and give the holders the right to
   purchase the same number of shares as  the  total  number of shares issuable
   upon conversion of the Debentures.   The Additional  Investment  Rights will
   generally be exercisable for a period of six months following the  effective
   date of a registration statement (the "Registration Statement") to be  filed
   for purposes of registering the common stock underlying the Debentures,  the
   Warrants  and the Additional Investment Rights.  The company is obligated to
   file the Registration  Statement  within  30  days after the initial closing
   under the Agreement.

   On August 30, 2004, the Company received Debentures  Principal  proceeds  of
   $551,250  of  which $142,917 has been charged as interest. The cash purchase
   price  of  the  Debentures  received  was  $408,333  less  finder  fees  and
   commissions of $60,833 for net proceeds of $347,500.

4. COMMON STOCK

<TABLE>
<CAPTION>
<S>                                           <C>        <C>
----------------------------------------------------------------
                                               NUMBER
                                             OF SHARES   AMOUNT
----------------------------------------------------------------

Balance, February 29, 2004                   35,457,597$1,701,843

Issued during the period
   Pursuant to private placements             3,650,000    73,000
   Pursuant to exercise of stock options      1,000,000    20,000
   Pursuant to acquisition of Sierra (note 2)43,000,000   430,000

Balance, May 31, 2004                        83,107,597$2,224,843

</TABLE>

				8


<PAGE>

SUNBURST ACQUISITIONS IV, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SIX-MONTH ENDED AUGUST 31, 2004
(UNAUDITED)



4. COMMON STOCK (CONTINUED)

<TABLE>
<CAPTION>

<S>                                      <C>        <C>
----------------------------------------------------------------
					  NUMBER
                                        OF SHARES    AMOUNT
----------------------------------------------------------------

Issued during the period
   Pursuant to private placements        2,011,095   196,135
   Pursuant to exercise of stock options 1,500,000    15,000

Balance, August 31, 2004                86,618,692$2,435,978
</TABLE>

   During the quarter  ended  May  31,  2004,  the  Company completed a private
   placement  of  3,650,000 common shares for total proceeds  of  $73,000.   At
   February 28, 2004,  the  Company  had received $67,025 of these proceeds and
   during  the quarter ended May 31, 2004  received  the  remaining  $5,975  to
   complete the private placement.

   During the  quarter  ended  August 31, 2004, the Company completed a private
   placement of 2,011,095 units  at  $0.10 per unit.  Each unit consists of one
   share of common stock and one warrant  to  purchase  an  additional share of
   common  stock  at a price of $0.20 per share at any time during  the  twelve
   months following  the date of issuance.  At May 31, 2004, the Company raised
   a total of $196,135 through the sale of these units.




				9


<PAGE>

ITEM 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

SPECIAL NOTE OF CAUTION REGARDING FORWARD-LOOKING STATEMENTS

      Certain statements in this report, including statements in the following
discussion which are not statements of historical fact, are what are known as
"forward looking statements, " which are basically statements about the future.
For that reason, these statements involve risk and uncertainty since no one
can accurately predict the future.  Words such as "plans," "intends," "will,"
"hopes," "seeks," "anticipates," "expects  "and the like often identify such
forward looking statements, but are not the only indication that a statement is
a forward looking statement.  Such forward looking statements include
statements concerning our plans and objectives with respect to the present and
future operations of the Company, and statements which express or imply that
such present and future operations will or may produce revenues, income or
profits.  Numerous factors and future events could cause the Company to change
such plans and objectives or fail to successfully implement such plans or
achieve such objectives, or cause such present and future operations to fail to
produce revenues, income or profits.  Therefore, the reader is advised that the
following discussion should be considered in light of the discussion of risks
and other factors contained in this report on Form 10QSB and in the Company's
other filings with the Securities and Exchange Commission.  No statements
contained in the following discussion should be construed as a guarantee or
assurance of future performance or future results.

LIQUIDITY AND CAPITAL RESOURCES

We remain in the development stage.  Since inception we have undergone two
unsuccessful business combinations, which have caused us to incur significant
liabilities and which have resulted in the accumulation of a substantial
deficit during the development stage.  As of August 31, 2004, we have total
current assets of $381,316, total current liabilities of $690,369, and a
deficit of $ (2,991,662) accumulated in the development stage.

We had cash on hand of $365,955 as of August 31, 2004 primarily as a result of
our receipt of net proceeds from two private placement securities offerings and
after advancing a total of $252,500 to a joint venture in which our wholly-
owned subsidiary, Sierra Minerals and Mining, Inc., is a party.   Subsequent to
the end of the quarter, on September 1, 2004, we advanced an additional
$230,000 to the same joint venture.

During the quarter ended August 31, 2004, the Company completed a private
placement offering of units which it had commenced during the previous quarter.
As of May 31, 2004, the Company had received subscriptions for a total of
1,991,350 units at $0.10 per unit.  During the quarter ended August 31, 2004,
the Company received subscriptions for an additional 19,745 units.   Each unit
sold in this offering consisted of one share of common stock and one warrant to
purchase an additional share of common stock at a price of $0.20 per share at
any time during the twelve months following the date of issuance.  We received
a total of  $196,135 in net proceeds from this offering.

During the current quarter we also received net proceeds of $347,500 from the
offer and sale of Secured Convertible Debentures pursuant to a Securities
Purchase Agreement dated August 25, 2004.


The Securities Purchase Agreement dated August 25, 2004, is between the Company
and Bristol Investment Fund, Ltd., Alpha Capital AG and Stonestreet LP (the
"Purchasers"). Pursuant to the Securities Purchase Agreement, the Purchasers
agreed to purchase up to $1,350,000 in face amount of Secured Convertible
Debentures (the "Debentures") from the company.  The Debentures will not bear
interest but will be issued at a 35% premium to the Purchaser's Subscription
amount.



				10


<PAGE>

Accordingly, the cash purchase price for the full $1,350,000 face amount of the
Debentures will be $1,000,000.   The Debentures will be due and payable in full
one year from the date of issuance.

On August 30, 2004, the Company received net proceeds of $347,500 as a result
of the initial closing under the Securities Purchase Agreement.   At the
initial closing, the Purchasers paid $408,333 for purchase of Secured
Convertible Debentures issued by the Company in the face amount of $551,250.
Finders fees, commissions and other offering expenses totaling $60,833 were
paid out of the gross offering proceeds, which resulted in net proceeds to the
Company of $347,500.

As previously reported, on May 25, 2004, we completed a share exchange
transaction with Sierra Minerals and Mining, Inc, a Nevada corporation.  Sierra
is a party to a joint Venture Agreement with Mineral Rio Tinto S.A. de C.V., a
Mexican company ("MRT"), pursuant to which Sierra and MRT have agreed to
explore and, if feasible, develop certain mining properties, which MRT has the
option to acquire.  The properties are located in the state of Chihuahua,
Mexico.   Due to the uncertainty of the future revenue to be generated from
this property the cost of the acquisition of $430,000 and deposits of $252,500
have been charged to operations for the quarter ending August 31, 2004.

Pursuant to the terms of the Joint Venture Agreement between Sierra and MRT,
Sierra was required to invest cash totalling $1,000,000 into the joint venture
by June 30, 2004, and was also required to secure a $2,000,000 line of credit
for the joint venture within sixty days of signing the joint venture agreement.
At the time of completion of its share exchange with Sierra, the Company agreed
to assist Sierra in meeting its financial obligations under the Joint Venture
Agreement.

As of August 31, 2004, Sierra was in default under the terms of the joint
venture agreement as a result of its failure to satisfy its financial
obligations.  As of that date, (and as of September 1, 2004, when it invested
the additional $230,000 it received from the Company as of that date) it had
not obtained the required $2,000,000 line of credit and it had not invested
$1,000,000 in cash.  However, on October 1, 2004, subsequent to the end of the
current quarter, Sierra signed an extension agreement pursuant to which the
deadline for investment of an additional  $517,500 (the balance of the original
$1,000,000 commitment after applying the $482,500 invested to date) and to
obtain the required $2,000,000 line of credit would be extended to November 30,
2004.

The Company plans to continue with its efforts to assist Sierra in satisfying
its financial obligations to the joint venture.   We intend to advance
additional funds to Sierra out of any net proceeds we receive as a result of
subsequent closings under the Securities Purchase Agreement.  We may also seek
to raise additional capital through other private placement offering or through
debt financing.  We also intend to continue seeking potential sources for the
$2,000,000 line of credit.

PLAN OF OPERATIONS

We remain in the development stage.  Our current plan of operations for the
balance fiscal year 2005 is to focus on the development of mining properties in
Mexico through our subsidiary, Sierra.

Sierra, and its joint venture partner, Minera Rio Tinto S.A. de C.V., a Mexican
company ("MRT"), have the option to acquire a number of mining properties
located in the state of Chihuahua, Mexico.  The first property being considered
is "Cienguita" which is located in the state of Chihuahua, Mexico.  Through
Sierra, we are completing a report on this property and plan to attempt to
raise the funding required to put this property back into production at an
estimated rate of production of approximately 20,000 oz of gold



				11


<PAGE>

per year.  Previous drilling indicates that there are reserves of 100,000 oz of
gold and the potential for expansion.

Through its efforts to assist Sierra in fulfilling its financial obligations to
the joint venture, the Company is actively seeking the funding needed for this
project.   Although Company management believes that the necessary funding will
be obtained to allow Sierra to fulfill its financial obligations to the joint
venture and, thereby, to put the Cienguita property back into production, there
is no guarantee that the funds can be raised or that the targeted production
rate of 20,000 ounces of gold per year can be achieved.  In the event Sierra is
unable to satisfy it financial obligations to the joint venture, the joint
venture agreement may be terminated by MRT.

ITEM 3.     CONTROLS AND PROCEDURES

      The Company's Chief Executive Officer and Chief Financial Officer (or
those persons performing similar functions), after evaluating the effectiveness
of the Company's disclosure controls and procedures (as defined in Rules 13a-
14(c) and 15d-14(c) under the Securities Exchange Act of 1934, as amended) as
of a date within 90 days before the filing date of this quarterly report (the
"Evaluation Date"), have concluded that, as of the Evaluation Date, the
Company's disclosure controls and procedures were effective to ensure the
timely collection, evaluation and disclosure of information relating to the
Company that would potentially be subject to disclosure under the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. There were no significant changes in the Company's internal
controls or in other factors that could significantly affect the internal
controls subsequent to the Evaluation Date.

PART II - OTHER INFORMATION

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

      During the quarter ended August 31, 2004, the Company received
subscriptions in the amount of $1,975 for purchase of a total of 19,745 units
in a private placement offering of units at $0.10 per unit.  This offering was
commenced in the previous quarter, and during the quarter ended May 31, 2004,
the Company received subscriptions in the amount of $199,135 from the offering.
Each unit consisted of one share of common stock and one warrant to purchase an
additional share of stock at the price of $0.20 per share at any time within
twelve months from the date of issuance of the warrant.   As of August 31,
2004, the unit offering was closed.

      A total of 361,095 units ($36,109.50) were offered and sold in reliance
upon the intrastate offering exemption from registration provided by Section
3(a)(11) of the Securities Act of 1933. All remaining units were offered and
sold in reliance upon the safe harbor provisions of Regulation S, adopted under
the Securities Act of 1933, for offers and sales that occurred outside the
United States.

      During the quarter ended August 31, 2004, the Company also received net
proceeds of $347,500 from the sale of Secured Convertible Debentures.  Such
Debentures were offered and sold to three Purchasers pursuant to a Securities
Purchase Agreement dated August 25, 2004 which was previously filed as an
Exhibit to the Company's report on Form 8-K, dated August 25, 2004.  Such
Debentures were offered and sold in a private placement transaction made in
reliance upon exemptions from registration pursuant to Section 4(2) under the
Securities Act of 1933 and Rule 506 promulgated thereunder.   Each of the
Purchasers was either an accredited investor as defined in Rule 501 of
Regulation D promulgated under the Securities Act of 1933, or a qualified
institutional buyer as defined in Rule 144A under the Securities Act of 1933.



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<PAGE>


ITEM 6.     EXHIBITS.

      The following exhibits are filed herewith:

31.1  Certifications pursuant to Rule 13a-14(a) or 15d-14(a) under the
      Securities Exchange Act of 1934, as amended.

31.2  Certifications pursuant to Rule 13a-14(a) or 15d-14(a) under the
      Securities Exchange Act of 1934, as amended.

32.1  Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
      Section 906 of the Sarbanes-Oxley Act of 2002.

32.2  Certifications 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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<PAGE>

SIGNATURES

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

SUNBURST ACQUISITIONS IV, INC.


By: /S/ TERRY FIELDS
Terry Fields, President and Director

Date:  October 20, 2004

By: /S/ MARIO AYUB
Mario Ayub, Director


Date:  October 20, 2004







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