**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**Amendment          No. 1**

| x | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|--------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

**51147,      INC.**

| Delaware                                                                                    |                                                |
|---------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporationor                organization) | (I.R.S.                Employer Identification No.) |

----

**51147,      Inc.**

**(a      development stage company)**

**FINANCIAL      STATEMENTS**

**INDEX**

**Part      I-- FINANCIAL INFORMATION**

| Item                1. Financial Statements |
|---------------------------------------------|

| Item                2. Management’s Discussion and Analysis of Financial                Condition |
|---------------------------------------------------------------------------------------------------------|

| Item                3. Control and Procedures |
|-----------------------------------------------|

**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 |
|---------------------------------------------------------|

----

**Item      1. Financial Information**

----

| FINANCIAL                        STATEMENTS                                                                        | Page                        # |
|--------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                                                                                                               |                          |
|     Balance                        Sheet                                                       | F-1                           |
|                                                                                                               |                          |
|     Statement                        of                        Operations and Retained Deficit | F-2                           |
|                                                                                                               |                          |
|     Statement                        of                        Stockholder’s Equity      | F-3                           |
|                                                                                                               |                          |
|     Cash                        Flow Statement                                                 | F-4                           |
|                                                                                                               |                          |
|     Notes                        to the Financial Statements                                   | F-5                           |
|                                                                                                               |                          |

----

| **51147,                        Inc.**                                                                  |   |
|---------------------------------------------------------------------------------------------------------|--------|
| **(a                        development stage company)**                                                |   |
| **BALANCE                        SHEET**                                                                |   |
| **As                        of July 31, 2006**                                                          |   |
|                                                                                                    |   |   |   |   |   |   |
| **ASSETS**                                                                                              |   |
|                                                                                                    |   |   |   |   |   |   |
| **CURRENT                        ASSETS**                                                               |   | **7/31/2006** |   |   | **1/31/2006** |   |
|                                                                                                    |   |   |   |   |   |   |
|     Cash                                                                            |   |   | - |   |   |   | - |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
|         Total                        Current Assets             |   |   | - |   |   |   | - |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **        TOTAL                        ASSETS**                 |   | $ | - |   |   | $ | - |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **LIABILITIES                        AND STOCKHOLDERS' EQUITY**                                         |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **CURRENT                        LIABILITIES**                                                          |   |   |   |   |   |   |   |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
|     Accrued                        Expenses                                         |   | $ | 2,625 |   |   | $ | 2,125 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
|         Total                        Current Liabilities        |   |   | 2,625 |   |   |   | 2,125 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **        TOTAL                        LIABILITIES**            |   | $ | 2,625 |   |   | $ | 2,125 |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **STOCKHOLDERS'                        EQUITY**                                                         |   |   |   |   |   |   |   |   |
|                                                                                                    |   |   |   |   |   |   |   |   |
|     Common                        Stock - Par value $0.0001;                        |   |   |   |   |   |   |   |   |
|         Authorized:                        100,000,000          |   |   |   |   |   |   |   |   |
|         Issued                        and Outstanding: 100,000  |   |   | 128 |   |   |   | 100 |   |
|     Additional                        Paid-In Capital                               |   |   | 2,722 |   |   |   | - |   |
|     Accumulated                        Deficit                                      |   |   | (5,475 | ) |   |   | (2,225 | ) |
|                                                                                                    |   |   |   |   |   |   |   |   |
|         Total                        Stockholders' Equity       |   |   | (2,625 | ) |   |   | (2,125 | ) |
|                                                                                                    |   |   |   |   |   |   |   |   |
| **        TOTAL                        LIABILITIES AND EQUITY** |   | $ | - |   |   | $ | - |   |
|                                                                                                    |   |   |   |   |   |   |   |   |

----

| **51147,                        Inc.**                                                                                                            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **(a                        development stage company)**                                                                                          |   |
| **STATEMENT                        OF OPERATIONS**                                                                                                |   |
| **For                        the six and three months ending July 31, 2006 and July 31,                        2005,                        and** |   |
| **from                        inception (February 2, 2005) through July 31,                        2006**                                         |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   | **6                        MONTHS** |   |   | **3                        MONTHS** |   |   | **6                        MONTHS** |   |   | **3                        MONTHS** |   |   |   |   |
|                                                                                                                                              |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
|                                                                                                                                              |   | **7/31/2006** |   |   | **7/31/2006** |   |   | **7/31/2005** |   |   | **7/31/2005** |   |   | **INCEPTION** |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                                                                       |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                        OF SERVICES**                                                                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                        PROFIT OR (LOSS)**                                                                                                 |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                        AND ADMINISTRATIVE EXPENSES**                                                                                    |   |   | 3,250 |   |   |   | 3,000 |   |   |   | 975 |   |   |   | 875 |   |   |   | 5,475 |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                        INCOME (LOSS)**                                                                                                      |   |   | (3,250 | ) |   | $ | (3,000 | ) |   |   | (975 | ) |   | $ | (875 | ) |   |   | (5,475 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                        DEFICIT, BEGINNING BALANCE**                                                                                 |   |   | (2,225 | ) |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                        DEFICIT, ENDING BALANCE**                                                                                    |   | $ | (5,475 | ) |   |   |   |   |   | $ | (975 | ) |   |   |   |   |   | $ | (5,475 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                        (loss) per share**                                                                                              |   | $ | (0.03 | ) |   |   |   |   |   | $ | (0.01 | ) |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                        average number of common shares**                                                                               |   |   | 100,000 |   |   |   |   |   |   |   | 100,000 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **51147,                        Inc.**                                                                    |   |
|-----------------------------------------------------------------------------------------------------------|--------|
| **(a                        development stage company)**                                                  |   |
| **STATEMENT                        OF STOCKHOLDERS' EQUITY**                                              |   |
| **From                        inception (February 2, 2005) through July 31,                        2006** |   |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                      |   |   |   |   | **COMMON** |   |   | **PAID                        IN** |   |   | **ACCUM.** |   |   | **TOTAL** |   |
|                                                                                                      |   | **SHARES** |   |   | **STOCK** |   |   | **CAPITAL** |   |   | **DEFICIT** |   |   | **EQUITY** |   |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                        Issued on acceptance                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of                        incorporation expenses                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| February                        2, 2005                                                                   |   |   | 100,000 |   |   | $ | 100 |   |   | $ | - |   |   | $ | - |   |   | $ | 100 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                        Loss                                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,225 | ) |   |   | (2,225 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                        January 31, 2006                                                            |   |   | 100,000 |   |   |   | 100 |   |   |   | - |   |   |   | (2,225 | ) |   | $ | (2,125 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                        Issued on acceptance                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of                        expenses                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| July                        30, 2006                                                                      |   |   | 275,000 |   |   |   | 28 |   |   |   | 2,722 |   |   |   |   |   |   |   | 2,750 |   |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                        Loss                                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (3,250 | ) |   |   | (3,250 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                        July 31, 2006                                                               |   |   | 375,000 |   |   | $ | 128 |   |   | $ | 2,722 |   |   | $ | (5,475 | ) |   | $ | (2,625 | ) |
|                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **51147,                        Inc.**                                                                           |   |
|------------------------------------------------------------------------------------------------------------------|--------|
| **(a                        development stage company)**                                                         |   |
| **STATEMENTS                        OF CASH FLOWS**                                                              |   |
| **For                        the six months ending July 31, 2006 and July 31, 2005,                        and** |   |
| **from                        inception (February 2, 2005) through July 31,                        2006**        |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   | **6                        MONTHS** |   |   | **6                        MONTHS** |   |   |   |   |
|                                                                                                             |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
| **CASH                        FLOWS FROM OPERATING ACTIVITIES**                                                  |   | **7/31/2006** |   |   | **7/31/2005** |   |   | **INCEPTION** |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |
|     Net                        income (loss)                                                 |   | $ | (3,250 | ) |   | $ | (975 | ) |   | $ | (5,475 | ) |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     Stock                        issued as compensation                                      |   |   | 2,750 |   |   |   | 100 |   |   |   | 2,850 |   |
|     Increase                        (Decrease) in Accrued Expenses                           |   |   | 500 |   |   |   | 875 |   |   |   | 2,625 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total                        adjustments to net income           |   |   | 3,250 |   |   |   | 975 |   |   |   | 5,475 |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                        cash provided by (used in) operating activities               |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                        FLOWS FROM INVESTING ACTIVITIES**                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     None                                                                                     |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                        cash flows provided by (used in) investing activities         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                        FLOWS FROM FINANCING ACTIVITIES**                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     None                                                                                     |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                        cash flows provided by (used in) financing activities         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                        RECONCILIATION**                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                        increase (decrease) in cash                                   |   |   | - |   |   |   | - |   |   |   | - |   |
|     Cash                        -                        beginning balance                   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                        BALANCE - END OF PERIOD**                                                          |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |

----

**51147,                  Inc.**

**(a                  development stage company)**

**NOTES                  TO FINANCIAL STATEMENTS**

**1.   Summary                  of significant accounting policies:**

----

**51147,                    Inc.**

**(a                    development stage company)**

**NOTES                    TO FINANCIAL STATEMENTS**

**2.   Related                  Party Transactions and Going Concern:**

**3.   Accounts                  Receivable and Customer Deposits:**

----

**51147,                    Inc.**

**(a                    development stage company)**

**NOTES                    TO FINANCIAL STATEMENTS**

**4.   Use                  of Estimates:**

**5.   Revenue                  and Cost Recognition:**

**6.   Accrued                  Expenses:**

**7.   Operating                  Lease Agreements:**

**8.   Stockholder's                  Equity:**

**9.   Required                  Cash Flow Disclosure for Interest and Taxes Paid:**

**10.  Earnings                  Per Share:**

----

**51147,                    Inc.**

**(a                    development stage company)**

**NOTES                    TO FINANCIAL STATEMENTS**

**11.  Income                  Taxes:**

----

**Item        2.  **Management’s        Discussion and Analysis of Financial Conditions and Results **of        Operations******

----

**Item      3. Controls and Procedures**

| *(a)* | *Evaluation                of disclosure controls and                procedures.* |
|-------|-----------------------------------------------------------------------------------|

| *(b)* | *Changes                in internal controls.* |
|-------|------------------------------------------------|

**PART      II - OTHER INFORMATION**

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

| Item                2. | Changes                in Securities. |
|------------------------|---------------------------------------|

| None |
|------|

| Item                3. | Defaults                Upon Senior Securities. |
|------------------------|-------------------------------------------------|

| None |
|------|

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

| Item                5. | Other                Information. |
|------------------------|-----------------------------------|

| None |
|------|

----

| Item                6. | Exhibits                and Reports of Form 8-K. |
|------------------------|--------------------------------------------------|

| (a) | Exhibits |
|-----|----------|

| 31.1                Certification pursuant to Section 302 of Sarbanes Oxley Act of                2002 |
|--------------------------------------------------------------------------------------------------------|

| 32.1                Certification pursuant to Section 906 of Sarbanes Oxley Act of                2002 |
|--------------------------------------------------------------------------------------------------------|

| (b) | Reports                of Form 8-K |
|-----|------------------------------------|

| None |
|------|

**SIGNATURES**

| **51147,                Inc.** |
|--------------------------------|
| Registrant                     |   |

| Date:                  October 2, 2007 | By:                              | */s/Michael                  Zahorik  * |
|----------------------------------------|----------------------------------|---------------------------------------------------|
|                                   | Michael                  Zahorik |                                              |
|                                   | President                        |                                              |
|                                   |                             |                                              |   |   |