10Q

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


Globalwise Investments, Inc.
(A Development Stage Company)
Statements of Operations
(Unaudited)
										From
										Inception on
		For the three months ended				For the nine months ended				October 3, 1997
		Sept. 30,				Sept. 30,				to Sept. 30,
		2009		2008		2009		2008		2009

REVENUES	$	-	$	-	$	-	$	-	$	-

EXPENSES
General & Administrative		777		1,374		4,046		5,443		95,257

TOTAL EXPENSES		777		1,374		4,046		5,443		95,257

Net Operating Loss		(777)		(1,374)		(4,046)		(5,443)		(95,257)

LOSS BEFORE TAXES		(777)		(1,374)		(4,046)		(5,443)		(95,257)

TAXES		-		-		-		-		-

NET LOSS	$	(777)	$	(1,374)	$	(4,046)	$	(5,443)	$	(95,257)

NET LOSS PER SHARE	$	-	$	-	$	-	$	-

WEIGHTED AVERAGE SHARES
OUTSTANDING		1,139,000		1,604,000		1,139,000		1,604,000

The accompanying notes are an integral part of these financial statements


Globalwise Investments, Inc.
(A Development Stage Company)
Statements of Cash Flows
(Unaudited)
						From
						Inception on
						October 3,
		For the nine months ended				1997Through
		September 30,				Sept. 30,
		2009		2008		2009
Cash Flows from Operating Activities
Net Loss	$	(4,046)	$	(5,443)	$	(95,257)
Adjustment to reconcile net loss to cash provided
(used) by operating activities:
Capital contributions - expenses		-		-		6,550
Changes in assets and liabilities:
Increase in inventory		-		-		(21,744)
Increase in Accounts Payable & Accrued Expenses		5,000		3,400		68,594

Net Cash Provided (Used) by Operating Activities		954		(2,043)		(41,857)

Cash Flows from Investing Activities
Purchase of equipment		-		-		(20,530)
Loss of cash in spin-off		-		-		(1,531)

Net Cash Used by Investing Activities		-		-		(22,061)

Cash Flows from Financing Activities
Proceeds from stock issuance		-		-		65,000

Net Cash Provided by Financing Activities		-		-		65,000

Increase (Decrease) in Cash		954		(2,043)		1,082

Cash and Cash Equivalents at Beginning of Period		128		2,633		-

Cash and Cash Equivalents at End of Period	$	1,082	$	590	$	1,082

Supplemental Cash Flow Information:

Stock issued for services	$	-	$	-	$	20,000
Issuance of stock in settlement of debt	$	-	$	-	$	8,000

Cash Paid For:
Interest	$	-	$	-	$	-
Income Taxes	$	-	$	-	$	-

The accompanying notes are an integral part of these financial statements

Globalwise Investments, Inc.

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2009

NOTE 1 -

BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company’s audited financial statements and notes thereto included in its December 31, 2008 Annual Report on Form 10-K. Operating results for the nine-months ended September 30, 2009 are not necessarily indicative of the results to be expected for year ending December 31, 2009.

In this report references to “Globalwise,” “we,” “us,” and “our” refer to Globalwise Investments, Inc.

FORWARD LOOKING STATEMENTS

The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. This report contains these types of statements. Words such as “may,” “expect,” “intend,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

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

Executive Overview

We are a development stage company and have not recorded revenues from operations for the past two fiscal years. During the next twelve months our management intends to actively seek an operating company to acquire or merge with which may provide operating revenue. Based on current regulatory conditions, management believes that it is possible, if not probable, for a company like ours, without many assets or liabilities, to negotiate a merger with, or acquisition of, a viable private company. The opportunity arises principally because of the high legal and accounting fees and the length of time associated with the process of “going public.” However, management believes the struggling global economy will restrict the number of business opportunities available to us and will restrict the cash available for such transactions. There can be no assurance in the current economy that we will be able to acquire an interest in an operating company. If a merger or acquisition proves unsuccessful, then it is possible that we may decide not to pursue further merger/acquisition activities.

As of the date of this filing, we have not identified any assets or business opportunities for acquisition or merger. Potential investors must recognize that our management may effect transactions having a potentially adverse impact upon our shareholders pursuant to the authority and discretion of our management to complete acquisitions without submitting any proposal to the stockholders for their consideration. In addition, because we have limited capital available for investigation of business opportunities and management has limited experience in business analysis, we may not discover or adequately evaluate adverse facts about any particular business opportunity. All risks inherent in new and inexperienced enterprises are inherent in our plan.

Financial Condition

We have had recurring operating losses for the past two fiscal years and, historically, we have relied on loans to meet our cash requirements. The majority of our expenses are related to the preparation of our periodic reports under the Exchange Act. These expenses include legal, accounting and professional services and costs required to prepare and file our reports with the SEC. We are unable to pay cash for these services and we will need to borrow or raise additional funds during the next twelve months.

At September 30, 2009 we had cash of $1,082 and total liabilities of $59,995. In the short term, we intend to rely on debt or equity transactions with third parties and/or related parties to provide operating capital. We may repay this debt with cash, if available, or we may convert the debt into common stock. We also may issue common stock in consideration for services rendered to us.

If we obtain a business opportunity, then it may be necessary to raise additional capital through the sale of our common stock. We anticipate that the common stock will be issued pursuant to exemptions to registration provided by federal and state securities laws. The purchasers and manner of issuance will be determined according to our financial needs and the available exemptions from the registration requirements. We do not currently intend to make a public offering of our stock. We also note that if we issue more shares of our common stock, then our shareholders may experience dilution in the value per share of the common stock they hold.

Off-Balance Sheet Arrangements

None.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4T. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC. This information is accumulated to allow timely decisions regarding required disclosure. Our President, who serves as our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, he concluded that our disclosure controls and procedures were effective.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Management conducted an evaluation of the effectiveness of our internal control over financial reporting and determined that there were no changes made in our internal control over financial reporting during the third quarter of our 2009 fiscal year that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 6. EXHIBITS

Part I Exhibits

No.

Description

31.1

Principal Executive Officer Certification

31.2

Principal Financial Officer Certification

32.1

Section 1350 Certification

Part II Exhibits

No.

Description

3(i)

Articles of Incorporation, as amended (Incorporated by reference to exhibit 3.1 of Form 10-QSB, filed October 11, 2001)

3(i)(a)

Certificate of Correction, effective May 22, 2007 (Incorporated by reference to exhibit 3.1 of Form 8-K, filed June 17, 2007)

3(ii)

Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of Form 10-SB, filed October 2, 2000)

SIGNATURES

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

GLOBALWISE INVESTMENTS, INC.

By: /s/ Donald R. Mayer

Donald R. Mayer

President and Director

Principal Financial Officer

Date: October 29, 2009


Globalwise Investments, Inc.
(A Development Stage Company)
Balance Sheets

		September 30,		December 31,
		2009		2008
ASSETS		(Unaudited)

CURRENT ASSETS

Cash	$	1,082	$	128
Total Current Assets		1,082		128

TOTAL ASSETS	$	1,082	$	128

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

Accounts Payable	$	59,995	$	54,995
Total Current Liabilities		59,995		54,995

Total Liabilities		59,995		54,995

STOCKHOLDERS' DEFICIT

Common Stock, $.001 par value; 50,000,000 shares
authorized; 1,139,000 shares issued and outstanding		1,139		1,139
Additional paid in Capital		35,205		35,205
Deficit Accumulated During the Development Stage		(95,257)		(91,211)

Total Stockholders' Deficit		(58,913)		(54,867)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	1,082	$	128