U.S. SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                  FORM 10-QSB/A
                                (Amendment No. 1)

(Mark One)

------
X      Quarterly report under Section 13 or 15(d) of he Securities
       Exchange Act of 1934
------

For the quarterly period ended July 31, 2004
                               -------------

------
       Transition report under Section 13 or 15(d) of the Exchange Act
------

For the transition period from ___________ to _________

         Commission file number                 0-26851
                                              -----------

                          BF ACQUISITION GROUP IV, INC.
--------------------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

             Florida                                           65-013586
-------------------------------------               ----------------------------
 (State or Other Jurisdiction of                            (I.R.S. Employer
 Incorporation or Organization)                           Identification No.)

                  2501 Turk Boulevard, San Francisco, CA 94118
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)


                                 (415) 831-1974
--------------------------------------------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

--------------------------------------------------------------------------------
         (Former Name, Former Address and Former Fiscal ear, if Changed
                               Since Last Report)

         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
         -----       ------

                     APPLICABLE ONLY TO ISSUERS INVOLVED IN
                        BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

         Check whether the registrant 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:
                                                         825,000
                                                        ----------

         Transitional  Small Business Disclosure Format (check one):

Yes            No      X
         -----       ------


<PAGE>


                                      INDEX



   PART I
   FINANCIAL INFORMATION

   Item 1.    Financial Statements............................................3

   Item 2.    Management's Discussion and Analysis or Plan of Operation.......8

   Item 3.    Controls and Procedures........................................10

   PART II
   OTHER INFORMATION

   Item 6.    Exhibits and Reports on Form 8-K...............................10



<PAGE>

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<S>                                                               <C>

                                     PART I
                              FINANCIAL INFORMATION

Item 1.    Financial Statements

                          BF ACQUISITION GROUP IV, INC.
                                  Balance Sheet
                                  July 31, 2004
                                   (Unaudited)

                                     ASSETS

Current Assets:
     Cash and cash equivalents                                    $                      26,903
     Prepaid Expenses                                                                     1,000
     Due From Affiliates                                                                 18,825
                                                                        ---------------------------------
         Total Current Assets                                                            46,728
                                                                        ---------------------------------

Fixed Assets:                                                                             3,500
                                                                        ---------------------------------

Other Assets:
     Available of sale securities                                                       300,000
                                                                        ---------------------------------
     Security Deposits                                                                    1,100
                                                                        ---------------------------------
                                                                                        301,100
                                                                        ---------------------------------

Total Assets:                                                     $                     351,328
                                                                        =================================


                      LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
     Accrued Expenses                                             $                      11,931
     Advances from unrelated parties                                                    370,300
     Loans from shareholders                                                                300
                                                                          -------------------------------
         Total Current Liabilities                                                      382,531
                                                                          -------------------------------

Stockholders' deficit
     Preferred stock, no par value; 5,000,000 shares
         authorized; none issued or outstanding
     Common stock $0.001 par value; 50,000,000 shares
     authorized, 825,000 shares issued and outstanding                                      825
     Additional paid-in capital                                                           5,116
     Deficit accumulated during the development stage                                   (37,144)
                                                                          -------------------------------
      Total stockholders' deficit                                                       (31,203)
                                                                          -------------------------------

         Total liabilities and stockholders' deficit              $                     351,328
                                                                          ===============================

The accompanying notes are an integral part of these financial statements.


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                                      -3-
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<S>                                             <C>                    <C>                      <C>


                                                 BF ACQUISITION GROUP IV, INC.
                                                   Statements of Operations
                                                         (Unaudited)


                                                                                                      Period from
                                                                                                       Inception
                                                    For the Three Month Period Ended                (April 15, 1999)
                                                                July 31                          through July 31, 2004
                                                -----------------------------------------       -------------------------

                                                      2004                   2003
                                                ------------------     ------------------       -------------------------

Revenues                                        $       - -            $        - -             $        - -

Cost of Goods Sold                                      - -                     - -                      - -
                                                ------------------     ------------------       -------------------------

Gross Profit                                    $       - -            $        - -             $        - -

General and Administrative Expenses                    25,962                    550                     37,144
                                                ------------------     ------------------       -------------------------

Loss before income tax provision                $     (25,962)         $        (550)           $       (37,144)

Provision for income taxes                               - -                    - -                      - -
                                                ------------------     ------------------       -------------------------


Net Loss                                        $     (25,962)         $        (550)           $       (37,144)
                                                ==================     ==================       =========================

Loss Per Share
     Basic and Diluted                          $     (0.0315)          $    (0.0007)
                                                ==================     ==================

Weighted Average Shares Outstanding
     Basic and Diluted
                                                      825,000                825,000
                                                ==================     ==================

See notes to condensed financial statements.


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                                      -4-
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<S>                                                          <C>                   <C>                   <C>

                          BF ACQUISITION GROUP IV, INC.
                            Statements of Cash Flows
                                   (Unaudited)


                                                                                                              Period from
                                                                                                               Inception
                                                               For the Three Month Periods Ended            (April 15, 1999)
                                                                            July 31                      through July 31, 2004
                                                             ---------------------------------------     -----------------------

                                                                   2004                  2003
                                                             -----------------     -----------------     -----------------------
Cash Flows Used for Operating Activities
     Net Loss                                                $       (25,962)      $         (550)       $          ($37,144)
     Common Stock Issued for Services                                                                                    441
     Changes in Assets and Liabilities:
         Increase in due from affiliates                             (18,825)                                        (18,825)
                                                                                             ---
         Increase in Prepaid Expenses                                 (1,000)                                         (1,000)
                                                                                             ---
         Increase in Security Deposits                                (1,100)                                         (1,100)
                                                                                             ---
         Increase in Accrued Expenses                                  6,990                  550                     11,931
         Increase in advances from unrelated parties                 370,300                                         370,300
                                                                                             ---
                                                             -----------------                           -----------------------

Net Cash Used for Operating Activities                              $330,403       $         ___                    $324,603
                                                             -----------------     -----------------     -----------------------

Cash Flows Used for Investing Activities
     Purchase of Capital Assets                                       (3,500)                                        ($3,500)
                                                                                   $         ---
     Purchase of investments                                        (300,000)                                       (300,000)
                                                                                   $         ---
                                                             -----------------     -----------------     -----------------------

Net Cash Used for Investing Activities                             $(303,500)      $         ___                   ($303,500)
                                                             -----------------     -----------------     -----------------------

Cash Flows From Financing Activities
     Proceeds from Issuance of Common Stock, Net                                                                       5,500
     Proceeds from Issuance of Debt to Related Party                                                                     300
     Repayments on Debt
     Repayments on Capital Lease Obligations
                                                             -----------------     -----------------     -----------------------

Net Cash Provided by Financing Activities                                ___                 ___                      $5,800
                                                             -----------------     -----------------     -----------------------

Net Increase in Cash and Cash Equivalents                            $26,903                 ___                     $26,903

Cash, Beginning of Period                                                ___                 ___                         ___
                                                             -----------------     -----------------     -----------------------

Cash, End of Period                                                  $26,903                 ___                      26,903
                                                             =================     =================     =======================


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                                      -5-
<PAGE>




                          BF ACQUISITION GROUP IV, INC.
                     Notes to Condensed Financial Statements


1. ORGANIZATION AND BASIS OF PRESENTATION:

         BF Acquisition  Group IV, Inc., (the  "Company"),  a development  stage
company,  was organized in Florida on April 15, 1999 as a "shell"  company which
plans to look for suitable business partners or acquisition  candidates to merge
with or acquire.  Operations  since  incorporation  have consisted  primarily of
obtaining the initial  capital  contribution  by the founding  shareholders  and
coordination of activities regarding the SEC registration of the Company.

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

         The  information  for the three months ended July 31, 2004 and 2003 has
not been audited by independent  certified public accountants,  but includes all
adjustments  which  are,  in the  opinion  of  management,  necessary  to a fair
statement of the results of the period.

         Certain  information  and  footnote  disclosure  normally  included  in
financial  statements  prepared  in  accordance  with  United  States  generally
accepted accounting principles have been omitted pursuant to the requirements of
the Securities and Exchange  Commission,  although the Company believes that the
disclosures  included in these interim financial statements are adequate to make
the information not misleading.

         These  financial  statements  should  be read in  conjunction  with the
financial  statements and notes thereto  included in the Company's Annual Report
on Form 10-KSB on file with the Securities and Exchange Commission.

2. ADVANCES FROM NON AFFILIATES:

         During the quarter ended July 31, 2004, the Company  received  advances
totaling $370,300 form non affiliated individuals.  Such funds were utilized for
general  corporate  purposes and to purchase  investments in the common stock of
various  corporations.  The Company  intents to settle such advances in the near
future by the issuance of debt or equity instruments.

3. INVESTMENTS:

         The Company's investments at July 31, 2004 consist of equity securities
that are considered  available for sale. The carrying amounts of such investment
approximate  market value.  Management  intends to hold such investment for long
range investment purposes. No




                                      -6-
<PAGE>


individual investments exceed 20% of the outstanding stock of such companies nor
does the Company have any influence on such companies.

4. GOING CONCERN

         As reflected in the accompanying  financial  statements,  the Company's
cumulative losses, its working capital deficiency,  and stockholders' deficiency
raise  substantial  doubt about its ability to continue as a going concern.  The
ability of the  Company to  continue  as a going  concern  is  dependent  on the
Company's  ability to raise additional  capital and implement its business plan.
The financial  statements do not include any adjustments that might be necessary
if the Company is unable to continue as a going concern.



                                      -7-
<PAGE>



Item 2.    Management's Discussion and Analysis or Plan of Operation

         Overview

         The following  discussion  "Management's  Plan of  Operation"  contains
forward-looking statements. The words "anticipate," "believe," "expect," "plan,"
"intend," "estimate,"  "project," "will," "could," "may" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current  views with  respect  to future  events and  financial  performance  and
involve  risks and  uncertainties.  Should  one or more  risks or  uncertainties
occur, or should underlying assumptions prove incorrect, actual results may vary
materially and adversely from those anticipated,  believed,  expected,  planned,
intended,  estimated,  projected or otherwise  indicated.  We caution you not to
place undue reliance on these forward- looking statements, which we have made as
of the date of this Quarterly Report on Form 10-QSB.

         The  following  is  qualified  by  reference  to, and should be read in
conjunction with our audited financial statements ("Financial Statements"),  and
the  notes  thereto,  included  elsewhere  in this Form  10-QSB,  as well as the
discussion hereunder "Management's Plan of Operation."

         During the period covered by this report, BF Acquisition Group IV, Inc.
(the "Company") conducted no business operations and generated no revenue.

         Our Company was initially organized as a "shell" company, with plans to
seek  business  partners  or  acquisition  candidates;  however,  due to capital
constraints,  we were unable to continue with our business  plan. In March 2001,
we ultimately  ceased our business  activities  and became  dormant,  whereby we
incurred  only minimal  administrative  expenses.  We have  currently  initiated
activities  to  establish  our  business  plan  during  the  development  stage.
Management is devoting most of its efforts to general business planning, raising
capital,   seeking  appropriate   business  partners  for  either  a  merger  or
acquisition and developing other business opportunities.

         As described  above,  we became dormant for a period of time due to the
lack of capital.  We incurred losses from operations,  and presently do not have
any revenues to cover our incurred expenses.  Our management  recognizes that we
must generate  additional  resources to enable us to pay our obligations as they
come due, and that we must  ultimately  implement  our business plan and achieve
profitable operations. We cannot assure you that we will be successful in any of
these activities.  Should any of these events not occur, our financial condition
will be materially adversely affected.

         Until we  obtain  business  partners  or  acquisition  candidates,  our
Company does not expect to meet its current  capital  requirements  for the next
twelve  months.  Additionally,  we cannot assure you that if we obtain  business
partners  or  acquisition  candidates  that we will  meet  our  current  capital
requirements  for the next twelve  months.  Our auditors  have  included a going
concern consideration in the Notes to our Financial Statements.



                                      -8-
<PAGE>


         Liquidity and Capital Resources.

         Our Financial  Statements  have been  prepared in  conformity  with the
United States generally accepted accounting principles.  The information for the
three months  ended July 31, 2004 and 2003 has not been  audited by  independent
certified public accounts.

         For the three  months  ended July 31,  2004,  the Company was  provided
advances in cash from  non-affiliated  parties in the amount of $370,300.  These
advances  carry no interest and the Company  intends to settle these advances by
the issuance of debt or common stock.  However,  no  definitive  terms have been
reached with respect to the settlement of these advances.  The cash was used for
investments in common equity securities of non-affiliated  companies and general
operating  expenses.   The  Company  does  not  own  control  in  any  of  these
non-affiliated  companies.  The Company has a receivable  from its affiliates in
the  amount of  $18,825.  It is also the intent of the  Company  to settle  this
receivable by receiving  common stock in those  companies.  No definitive  terms
have been reached as of the date of this report.

         The  notes  to the  financial  statements  include  a  "Going  Concern"
consideration  due to the  Company's  accumulated  losses  and  working  capital
deficiency.  However,  in conjunction  with our search for a business partner or
acquisition,  we intend to overcome the "Going  Concern"  consideration  for our
Company. We cannot be assured,  however,  that the Company will, by its efforts,
obtain a business  partner or  acquisition  that will meet its capital needs for
the next twelve months.

         Critical Accounting Estimates

         Other than the Going Concern issue, there were no material estimates or
assumptions for this reporting period.

         Controls And Procedures.

         As of the date this report is filed,  an evaluation was performed under
the supervision and with the participation of the Company's  principal executive
officer and financial  officer of the  effectiveness of the design and operation
of the Company's disclosure controls and procedures (as such term is defined in

         Rules  13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of
the period  covered by this  report.  During the period  covered by this report,
management  believes that the Company, in its development stage, has implemented
adequate controls and procedures.

         Subsequent Event

         Subsequent to the period of this Report,  the Company is in discussions
with a Delaware  corporation,  also in the  development  stage, in an attempt to
form a business partnership. The Delaware Corporation is currently raising funds
and intends to create a Business  Development  Company ("BDC") which is expected
to invest in and assist in  managing  start-up  and small  companies  as well as
mature private companies seeking to maximize their value.  There is no assurance
the Company will be able to make such a  combination  that will be beneficial to




                                      -9-
<PAGE>

its shareholders.  The Company  currently  believes that such a combination will
provide shareholder value and potential for growth.

Item 3.    Controls and Procedures

         Our management, under the supervision and with the participation of the
principal executive officer and principal  financial officer,  has evaluated the
effectiveness  of our  controls  and  procedures  related to our  reporting  and
disclosure  obligations  as of July 31,  2004,  which  is the end of the  period
covered by this Quarterly Report on Form 10-QSB.  Based on that evaluation,  the
principal  executive officer and principal financial officer have concluded that
our disclosure controls and procedures are effective.

                                     PART II
                                OTHER INFORMATION

         There were no changes that  occurred  during the fiscal  quarter  ended
July 31,  2004  that  have  materially  affected,  or are  reasonably  likely to
materially affect, our internal controls over financial reporting.

Item 6.  Exhibits and Reports on Form 8-K

         Exhibits.

         Exhibit 31.1        Certification of Chief Executive Officer

         Exhibit 31.2        Certificate of Chief Financial Officer

         Exhibit 32          Certification Pursuant to Section 1350 of Chapter
                             63 of Title 18 of the United States Code

         Reports on Form 8-K

         The Company filed no Current Reports on Form 8-K during the three month
period ended July 31, 2004.

                                   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.

                                   BF ACQUISITION GROUP IV, INC.


Date:    September 28, 2004        By: /s/ William R. Colucci
                                       ----------------------------------------
                                       William R. Colucci, President, Principal
                                       Executive Officer and Principal
                                       Accounting Officer


                                      -10-