UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

     (Mark  One)

     [ X ] Quarterly report under Section 13 or 15(d) of the Securities Exchange
           Act  of  1934

     For  the  quarterly  period  ended  June 30,  2000

     [   ] Transition  report  under  Section  13  or  15(d) of the Securities
           Exchange  Act  of  1934

     For the transition  period  from  _________  to  _________

     Commission  File  No.  0-27121


                                   ILIVE, INC.
                 (Name of Small Business Issuer in Its Charter)

       NEVADA                                                   95-4783826
(State or Other Jurisdiction of                               (IRS Employer
Incorporation or Organization)                            Identification Number)

                         242 N. CANON DRIVE, 3RD FLOOR
                        BEVERLY HILLS, CALIFORNIA 90210
              (Address of Principal Executive Offices) (Zip Code)

                                 (310) 285-5200
                           (Issuer's Telephone Number)
           SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
                                     (None)

           SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
                         Common Stock, par value $0.001
                                (Title of Class)

     Check  whether  the  issuer  (1)  filed all reports required to be filed by
Section  13  or 15(d) of the Exchange Act during the past 12 months (or for such
shorter  period  that the registrant was required to file such reports); and (2)
has  been  subject  to  such  filing  requirements  for  the  past  90  days.

     Yes  [ X ]  No [  ]


     Indicate  the number of shares outstanding of each of the issuer's class of
common  stock  as  of  the  latest  practicable  date:

Title of each class of Common Stock                  Outstanding as May 31, 2000
-----------------------------------                  ---------------------------
 Common Stock, $0.001 par value                              15,313,334



     Transitional Small Business Disclosure Format (check one):

Yes  [  ] No [ X ]


<PAGE>


                                TABLE OF CONTENTS

                         PART I - FINANCIAL INFORMATION


Item  1.     Financial  Statements.

     Condensed Consolidated Balance Sheets at June 30, 2000 (Unaudited).

     Condensed Consolidated Statements of Operations (Unaudited) for the three
     and six months ended June 30, 2000 and 1999.

     Condensed Consolidated Statements of Cash Flows (Unaudited) for the six
     months ended June 30, 2000 and 1999.

     Notes  to Condensed Interim Consolidated Financial Statements (Unaudited)
     at June 30, 2000.

Item  2.     Management's  Discussion  and  Analysis  of Financial Condition and
             Results of Operations.


                           PART II - OTHER INFORMATION


Item  1.     Legal  Proceedings.

Item  2.     Changes  in  Securities.

Item  3.     Defaults  Upon  Senior  Securities.

Item  4.     Submission  of  Matters  to  a  Vote  of  Security  Holders.

Item  5.     Other  Information.

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


                                     Page 1
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM  1  -  FINANCIAL  STATEMENTS

<TABLE>
<CAPTION>
                          ILIVE, INC. AND SUBSIDIARIES
                      Condensed Consolidated Balance Sheet
                                   (Unaudited)


<S>                                         <C>
                                            JUNE 30, 2000
                                            ---------------
     ASSETS

CURRENT ASSETS:
   Cash                                     $       18,734

   Deposit                                         100,150
                                            ---------------

      TOTAL CURRENT ASSETS                         118,884

PROPERTY AND EQUIPMENT, NET                        129,668

OTHER                                               32,764
                                            ---------------

                                            $      281,316
                                            ===============

     LIABILITIES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES:
   Convertible note payable to shareholder  $    1,500,000
   Advances from shareholder                       250,913
   Notes payable                                   376,623
   Accounts payable                                756,272
   Payroll taxes payable                           375,816
   Accrued interest                                271,371
   Sales taxes and other accrued expenses          304,677
                                            ---------------

      TOTAL CURRENT LIABILITIES                  3,835,672

COMMITMENTS AND CONTINGENCIES                            -

SHAREHOLDERS' DEFICIT:
   Common stock                                     15,313
   Additional paid-in capital                    1,805,547
   Accumulated deficit                          (5,375,216)
                                            ---------------

      TOTAL SHAREHOLDERS' DEFICIT               (3,554,356)
                                            ---------------

                                            $      281,316
                                            ===============
</TABLE>



   See accompanying notes to unaudited interim condensed consolidated financial
                                   statements

                                     Page 2
<PAGE>


<TABLE>
<CAPTION>
                          ILIVE, INC. AND SUBSIDIARIES
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)


                                   THREE MONTHS ENDED JUNE 30,   SIX MONTHS ENDED JUNE 30,
                                   ---------------------------   -------------------------
                                        2000          1999          2000          1999
                                   ---------------------------   -------------------------
<S>                                  <C>           <C>         <C>           <C>
REVENUES:                            $         -   $        -  $         -   $        -

EXPENSES:
  Website development                     27,799            -      160,579            -
  General and administrative             462,537            -      669,028            -
  Interest expense                        83,868            -      145,567            -
                                     ------------  ----------  ------------  ----------

                                         574,204            -      975,174            -
                                     ------------  ----------  ------------  ----------

LOSS FROM CONTINUING OPERATIONS         (574,204)           -     (975,174)           -
                                     ------------  ----------  ------------  ----------

DISCONTINUED OPERATIONS:
   Loss from operations of Chasen's
     restaurant                         (156,377)           -     (479,493)           -
   Loss on disposal of restaurant
     assets                             (267,320)           -     (267,320)           -
                                     ------------  ----------  ------------  ----------

NET LOSS                             $  (997,901)  $        -  $(1,721,987)  $        -
                                     ============  ==========  ============  ==========

BASIC AND DILUTED
  NET LOSS PER SHARE:
Loss from continuing operations      $     (0.04)  $        -  $     (0.06)  $        -
Loss from discontinued operations          (0.01)           -        (0.03)           -
Loss on disposal of restaurant
   assets                                  (0.02)           -        (0.02)           -
                                     ------------  ----------  ------------  ----------

NET LOSS                             $     (0.07)  $        -  $     (0.11)  $        -
                                     ============  ==========  ============  ==========

BASIC AND DILUTED
  WEIGHTED AVERAGE SHARES             15,313,147    4,363,147   15,230,317    4,363,147
                                     ============  ==========  ============  ==========
</TABLE>





   See accompanying notes to unaudited interim condensed consolidated financial
                                   statements

                                     Page 3
<PAGE>
<TABLE>
<CAPTION>

                          ILIVE, INC. AND SUBSIDIARIES
                 Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)

                                                    SIX MONTHS ENDED JUNE 30,
                                                   --------------------------
                                                       2000          1999
                                                   ------------  ------------
<S>                                                <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                         $(1,721,987)  $        -
  Adjustments to reconcile net loss to net cash
    used by operating activities:
    Depreciation and amortization                       16,250            -
    Loss on disposal of restaurant assets              267,320
    Repayment of advances to related parties
     through performance of services                    86,000            -
    Changes in assets and liabilities:
      Inventories                                       48,795            -
      Other assets                                      (5,444)           -
      Accounts payable                                (156,657)           -
      Payroll taxes payable                            138,000            -
      Accrued interest                                 152,515            -
      Other accrued expenses                           216,581            -
                                                   ------------  ----------

    Net cash used by operating activities             (958,627)           -
                                                   ------------  ----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Repayments of advances from related parties              416            -
  Purchases of property and equipment                 (118,066)           -
                                                   ------------  ----------

    Net cash used by investing activities             (117,650)           -
                                                   ------------  ----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Repayment of notes payable                           (20,984)
  Issuance of common stock                              25,000            -
  Proceeds from convertible note                       814,048
  Advances from shareholder                            250,913            -
                                                   ------------  ----------

    Net cash provided by financing activities        1,068,977            -
                                                   ------------  ----------

Net decrease in cash                                    (7,300)           -

CASH, BEGINNING OF PERIOD                               26,034            -
                                                   ------------  ----------

CASH, END OF PERIOD                                $    18,734   $        -
                                                   ============  ==========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid for:
    Interest                                       $         -   $        -
    Franchise taxes                                $         -   $        -
NON-CASH INVESTING AND FINANCING ACTIVITIES:

  Issuance of shares for license                   $    75,150   $        -
                                                   ============  ==========

</TABLE>




   See accompanying notes to unaudited interim condensed consolidated financial
                                   statements

                                     Page 4
<PAGE>
                          ILIVE, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                  JUNE 30, 2000

                          ILIVE, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                  JUNE 30, 2000

Basis  of  Presentation

The  accompanying  consolidated  financial  statements  include  the accounts of
iLive,  Inc.,  ("iLive"),  its  wholly  owned  subsidiary, Asia Pacific Co., LTD
("Asia  Pacific")  and  Asia  Pacific's  majority  owned  subsidiary,  246  LLC,
(collectively,  the  "Company").  All  material  intercompany  transactions  and
accounts  have  been  eliminated  in  consolidation.

iLive  (formerly  Powerhouse International Corporation) was incorporated in 1987
in  Nevada,  became inactive in 1996, and had no assets or liabilities at August
31, 1999. On September 7, 1999, iLive sold 10,000,000 shares of common stock for
$500,000 cash and on September 30, 1999, it acquired Asia Pacific for 690,000 of
its  common  shares  valued  at $74,609. This acquisition was accounted for as a
purchase; accordingly, the results of operations of Asia Pacific are included in
the  accompanying  consolidated  financial  statements  since  the  date  of
acquisition.

Asia Pacific, incorporated in October 1995 in Niue (a foreign country), acquired
a  controlling 64% interest in 246 LLC, a limited liability company organized in
March  1996,  to  construct  and  operate  a  full-service  restaurant,  bar and
membership  club  in  Beverly  Hills,  California.  The  restaurant,  known  as
Chasen's,  commenced  operations  in  April  1997.


Discontinued Operations

In  April 2000, management closed Chasen's to the public and began operating the
restaurant for private parties only.  In July 2000, operations of the restaurant
were  permanently  discontinued.  The  Company  wrote  off  all  its  restaurant
operating  assets  (which  consisted  primarily  of  furniture,  fixtures  and
restaurant  equipment), and inventory as of June 30, 2000.  The remaining assets
of  the  restaurant  as  of  June 30, 2000 consist of cash, a liquor license and
equipment  and  utility  deposits. The remaining liabilities (all current) as of
June  30,  2000  include  notes  payable, payroll taxes payable, vendor accounts
payable  and  accrued  interest.  The  restaurant  had  revenues of $754,649 and
$83,282  for  the six and three month periods ended June 30, 2000, respectively.

Interim  periods

The  accompanying unaudited consolidated financial statements have been prepared
in accordance with the instructions of Form 10-QSB and do not include all of the
information  required  by  generally accepted accounting principles for complete
financial  statements. In the opinion of the Company's management, all necessary
adjustments (consisting of normal recurring adjustments) for a fair presentation
have  been  included.  Operating results for the three and six months ended June
30,  2000,  are  not  necessarily  indicative  of results for any future period.
These  statements  should be read in conjunction with the consolidated financial
statements  and  notes  thereto for the year ended December 31, 1999 included in
the  Company's  Form  10-KSB.


                                     Page 5
<PAGE>

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

Cautionary Statements:

This Quarterly Report on Form 10-QSB contains certain forward-looking statements
within  the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of  the  Securities  Exchange  Act  of  1934.  The  Company  intends  that  such
forward-looking  statements  be  subject  to  the  safe  harbors created by such
statutes.  The  forward-looking  statements included herein are based on current
expectations  that involve a number of risks and uncertainties.  Accordingly, to
the  extent  that  this  Quarterly  Report  contains  forward-looking statements
regarding  the financial condition, operating results, business prospects or any
other  aspect  of  the  Company,  please  be  advised  that the Company's actual
financial  condition,  operating  results  and  business  performance may differ
materially  from  that  projected or estimated by the Company in forward-looking
statements.  The  differences  may  be caused by a variety of factors, including
but  not  limited to adverse economic conditions, intense competition, including
intensification  of price competition and entry of new competitors and products,
adverse  federal,  state  and  local  government regulation, inadequate capital,
unexpected costs and operating deficits, increases in general and administrative
costs,  lower  sales  and  revenues  than  forecast, loss of customers, customer
returns  of products sold to them by the Company, termination of contracts, loss
of  supplies,  technological  obsolescence  of the Company's products, technical
problems with the Company's products, price increases for supplies, inability to
raise  prices,  failure  to  obtain new customers, litigation and administrative
proceedings  involving  the  Company, the possible acquisition of new businesses
that result in operating losses or that do not perform as anticipated, resulting
in  unanticipated  losses,  the  possible  fluctuation  and  volatility  of  the
Company's  operating  results, financial condition and stock price, inability of
the  Company  to  continue as a going concern, losses incurred in litigating and
settling  cases,  adverse  publicity  and  news coverage, inability to carry out
marketing  and  sales  plans,  loss  or retirement of key executives, changes in
interest  rates,  inflationary  factors  and  other  specific  risks that may be
alluded  to  in this Quarterly Report or in other reports issued by the Company.
In  addition,  the  business  and  operations  of  the  Company  are  subject to
substantial  risks that increase the uncertainty inherent in the forward-looking
statements.  The  inclusion  of  forward-looking  statements  in  this Quarterly
Report  should  not  be regarded as a representation by the Company or any other
person  that  the  objectives  or  plans  of  the  Company  will  be  achieved.

COMPANY OVERVIEW

iLive, Inc. ("iLive" or the "Company") is an Internet based online entertainment
media  company.  The  Company  is currently developing a broadcast entertainment
Internet  destination  located  at  www.iLive.com.  The Company plans to offer a
wide  array  of entertainment and musical content through its website which will
consist  of  the  following:

     -  iLive Shows: iLive produces, directs and films many of its own shows for
broadcast  live  and  on-demand  over  the  Internet.  These shows are filmed in
broadcast  quality  so that as an audience following grows the company maintains
the  ability to support, repackage, license, sell and deliver this entertainment
to  the  consumer  via  all  forms  of  media.

     -  Beauty  Pageants:  Currently,  iLive  owns the domain name and trademark
rights to Miss Beverly Hills.com.  iLive also owns Mrs. Beverly Hills, Miss Teen
Beverly  Hills, Mr. Beverly Hills, and Miss Black Beverly Hills.com.  The beauty
pageant winners will be determined by the most combined Internet and Club votes.
With  the  winner  receiving a modeling contract, each contestant will be highly
motivated  to  market  herself  and  have  everyone  she  knows  vote for her at
iLive.com.  Miss  Beverly  hills  will also lend itself to the licensing of name
products  to  potentially  include:  beauty,  bath, hair products, calendars and
clothing  among  others.

     -  Paul  Ryan  Show:  The Paul Ryan Show is a talk/variety dinner show held
upstairs  in the Jockey Club at Chasen's.  Mr. Ryan has hosted over 506 episodes
with  guest  including  Robin Williams, Regis Philbin, Brooke Shields, Jay Leno,
Jerry  Seinfeld,  Ted  Danson  and  others.

     -  Ballers:  Ballers is a sports talk show that will take the viewer behind
the  scenes  into  the  life  of  a professional athlete.  The show will include
interactive  audience  participation  and  the  ability  to  auction  sports
memorabilia.

     -  Beverly  Hills  Lifestyles: The Company's take on Lifestyles of the Rich
and  Famous.  This  show will allow the viewer to participate in one of the most
desirable  lifestyles  in  the world.  The viewer will attend charity functions,
private  parties,  film  debuts  and  wrap parties.  The Company's Beverly Hills
Lifestyles  show will allow everyone to see the world through celebrities' eyes.

Other shows currently under development include: "Miss World United States," "A
day in the Life of ," "Behind the Scenes," and "iLive Undercover."

     - iLive Music:  iLive music will offer musicians the opportunity to promote
themselves over the Internet as well as the opportunity to market their products
through  the Company's Web site.  Artists will also have the opportunity to have
video  their  performances  played  over  iLive's  Web  site

The  Company's  prior  six month period ended June 30, 1999 is not indicative of
the Company's current business plan and operations.  During the six month period
ended June 30, 1999 as well as the year ended December 31, 1998, the Company was
inactive  and  had  no  revenues.  In  September 1999, the Company acquired Asia
Pacific, as previously discussed in the Company's prior filings.  Asia Pacific's
principal  asset consisted of a 64% interest in 246 LLC dba Chasen's Restaurant.
The Company had intended to utilize Chasen's as a forum for its Internet related
entertainment  operations.

However,  losses  from the Company's Chasen's restaurant operations exceeded the
Company's  expectation.  Due  to  Chasen's  negative cash flow and increased net
loss,  Management has decided to discontinue any further investment into 246 LLC
and  to either reorganize or divest its restaurant operations.  As a result, the
Company  incurred  a  one  time  charge  of  $1,603,622  as of December 31, 1999
representing  the  impairment  of  long-lived  assets  associated  with  the
closing  of Chasen's.  Additionally, as of June 30, 2000, the Company incurred a
one  time  disposition  charge  of $267,320 for the loss of the Chasen's assets.
The Company has decided to focus its efforts  on the development of its Internet
operations.

Plan of Operations for the Company's Web Site iLive.com.

The  Company's  goal  for  its  Internet  operations  is to build and operate an
entertainment  Web  site  featuring  new  and unique self produced content.  The
Company's  Web  site  was  launched in a Beta (test) format on January 15, 2000.
The  Company  anticipates  that  the  site will open for full operations in June
2000.  As  of  June  30,  2000,  the  Company  has not yet realized any material
revenues  from  its  Web  Site  operations.

Liquidity & Capital Resources

On September 7, 1999, the Company raised $500,000 through the sale of 10,000,000
shares  of the Company's "restricted" Common Stock at a price of $0.05 per share
and  $1,500,000  through  debt financing in the form of a $1,500,000 convertible
note  (the  "Note").  Pursuant to the terms of the Note, the Company is required
to repay the principal amount of $1,500,000 with 12% interest on or before March
7,  2001.  The  note  is  convertible,  at  anytime given 15 day's notice at the
holder's  election,  into  a maximum of 6,000,000 shares of the Company's Common
Stock  at  $0.25  per  share.  As  of  May  15,  2000,  the Company has expended
approximately  $2,000,000 towards development of its business plan and continued
operations,  with none of its original financing remaining.  For the three month
period  ended  June  30,  2000,  the  Company received an additional $250,913 in
advances  from  a  related  shareholder of the Company to fund daily operations.

The  Company currently does not have sufficient funds to fund ongoing operations
and  is  currently  in  negotiations  for  additional debt financing to fund its
immediate  needs.  No  assurances can be given however, that the Company will be
successful  in  securing such additional debt financing.  Failure to secure such
funds  will  have  a  material  adverse  effect  on  the  Company's  results  of
operations.

The  Company  intends  to  obtain  additional  financing through the sale of its
Common  Stock  and  has  initiated a Private Offering for $5,000,000 through the
sale  of  its restricted Common Stock, including warrants to purchase additional
shares  of  the  Company's  Common  Stock.  As  of  the date of this report, the
Company  has  raised  $25,000 pursuant to the Private Offering.  There can be no
assurances  that  the  Company  will  be  able to complete the Private Offering.
Failure  to  complete the Private Offering may have a material adverse effect on
the  Company's  results  of  operations.

Additionally,  a  slower  than  expected rate of acceptance of the Company's Web
site,  or  lower  than  expected revenues generated from the Company's Web site,
would  materially  adversely  affect  the  Company's  liquidity.  The  Company
currently  needs additional capital in order to continue with the development of
its  business  plan.  The  Company  currently  has no commitments for additional
financing,  and  there  can  be no assurances that any such additional financing
would  be  available  in  a  timely  manner  or, if available, would be on terms
acceptable  to  the Company.  Furthermore, any additional equity financing could
be  dilutive  to  our  then-existing  shareholders  and any debt financing could
involve  restrictive covenants with respect to future capital raising activities
and  other  financial  and  operational  matters.

Capital Expenditures

The Company's anticipated capital expenditures for the period ended December 31,
2000  is  expected  to  consist of development costs for the Company's Web site.
The  Company  expects  to  expend approximately an additional $1,500,000 towards
ongoing  development  of its Web site and development of its business plan.  The
Company  also  expects  to  expend  approximately  $75,000  towards  purchase of
additional  computer  equipment needed for the planned expansion of its intended
Web  site.

PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

The  Company  may  from  time  to  time be involved in various claims, lawsuits,
disputes with third parties, actions involving allegations of discrimination, or
breach of contract actions incidental to the operation of its business.  On June
16,  2000,  a lawsuit was filed in the Superior Court of the State of California
for  the  County of Los Angeles, against the Company and its subsidiary entitled
Glenn  Lebowitz,  an  individual  v.  246  LLC,  a  California limited liability
company;  Asia  Pacific  Co.,  LTD.,  a  corporation;  iLive,  Inc.,  a  Nevada
corporation, formerly knownas Powerhouse, Inc,; and Does 1 through 10, Inclusive
(the  "Complaint").  The Complaint alleges claims for Breach on Promissory Note,
Judicial  Foreclosure of Lien; and Common Count.  The Complaint seeks payment of
a  note  in  the  amount  of  approximately  $55,000.

ITEM 2 - CHANGES IN SECURITIES

In  February  2000, the Company initiated a private offering of up to $5,000,000
worth  of the Company's "restricted" Common Stock including warrants to purchase
additional shares of the Company's Common Stock (a "Unit").  As of May 15, 2000,
the  Company  has  sold 5,000 Units shares resulting in net proceeds of $25,000.
The  issuances  were  offered  without  general  solicitation  or advertising to
unrelated  accredited  investors under Rule 506 of Regulation D and Section 4(2)
of  the  Securities  Act  of  1933.

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No matters were submitted to the security holders for a vote during the period
covered by this report

ITEM 5 - OTHER INFORMATION

None.

ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K

(A)     EXHIBITS

     27.1 Financial Data Schedule

(B)     REPORTS ON FORM 8-K

     No reports on Form 8-K were filed during the period covered by this report.


                                     Page 6
<PAGE>
                                   SIGNATURES

In accordance with 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.




                                   ILIVE, INC.

                                   By /s/ Scott Hendricks
                                   ----------------------------------
                                   Scott Hendricks
                                   President & CEO


                                   By /s/ Anastasia Cronin
                                   ----------------------------------
                                   Anastasia Cronin
                                   Chief Financial Officer



Dated: August 11, 2000


                                     Page 7
<PAGE>