----

----

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

**Washington,        D.C. 20549**

**FORM        10-QSB**

| 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.) |

----

**Item          1. Financial Information**

----

**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                    |

----

**51147,        INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**FINANCIAL        STATEMENTS**

**AS        OF JULY 31, 2007**

| FINANCIAL                  STATEMENTS                                                                               | Page                  # |
|---------------------------------------------------------------------------------------------------------------------|-------------------------|
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Balance                  Sheet                                | F-1                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Statement                  of Operations and Retained Deficit | F-2                     |
|                                                                                                                |                    |
|                                                                                                                |                    |
|          Statement                  of Stockholders 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, 2007 and January 31, 2007**                                     |   |
|                                                                                                |   |   |   |   |   |   |
| **ASSETS**                                                                                          |   |
|                                                                                                |   |   |   |   |   |   |
| **CURRENT                    ASSETS**                                                               |   | **7/31/2007** |   |   | **1/31/2007** |   |
|                                                                                                |   |   |   |   |   |   |
|     Cash                                                                        |   | $ | - |   |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Current Assets             |   |   | - |   |   |   | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    ASSETS**                 |   | $ | - |   |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **LIABILITIES                    AND STOCKHOLDER'S EQUITY**                                         |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **CURRENT                    LIABILITIES**                                                          |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|     Accrued                    Expenses                                         |   | $ | 5,125 |   |   | $ | 4,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Current Liabilities        |   |   | 5,125 |   |   |   | 4,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES**            |   |   | 5,125 |   |   |   | 4,125 |   |
|                                                                                                |   |   |   |   |   |   |   |   |
| **STOCKHOLDER'S                    EQUITY**                                                         |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|     Common                    Stock - Par value $0.0001;                        |   |   |   |   |   |   |   |   |
|         Authorized:                    100,000,000          |   |   |   |   |   |   |   |   |
|         Issued                    and Outstanding: 100,000  |   |   | 253 |   |   |   | 253 |   |
|     Additional                    Paid-In Capital                               |   |   | 15,097 |   |   |   | 15,097 |   |
|     Accumulated                    Deficit                                      |   |   | (20,475 | ) |   |   | (19,475 | ) |
|                                                                                                |   |   |   |   |   |   |   |   |
|         Total                    Stockholder's Equity       |   |   | (5,125 | ) |   |   | (4,125 | ) |
|                                                                                                |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES AND EQUITY** |   | $ | - |   |   | $ | - |   |
|                                                                                                |   |   |   |   |   |   |   |   |
|                                                                                                |   |   |   |   |   |   |   |   |

----

| **51147,                    Inc.**                                                                                 |   |
|--------------------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                               |   |
| **STATEMENT                    OF OPERATIONS**                                                                     |   |
| **For                    the six and three months ending July 31, 2007 and July 31, 2006,                    and** |   |
| **from                    inception (February 2, 2005) through July 31,                    2007**                  |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   | **6                    MONTHS** |   |   | **3                    MONTHS** |   |   | **6                    MONTHS** |   |   | **3                    MONTHS** |   |   |   |   |
|                                                                                                               |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
|                                                                                                               |   | **7/31/2007** |   |   | **7/31/2007** |   |   | **7/31/2006** |   |   | **7/31/2006** |   |   | **INCEPTION** |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                                        |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                    OF SERVICES**                                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                    PROFIT OR (LOSS)**                                                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                    AND ADMINISTRATIVE EXPENSES**                                                         |   |   | 1,000 |   |   |   | 500 |   |   |   | 3,250 |   |   |   | 3,000 |   |   |   | 20,475 |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                    INCOME (LOSS)**                                                                           |   |   | (1,000 | ) |   | $ | (500 | ) |   |   | (3,250 | ) |   | $ | (3,000 | ) |   |   | (20,475 | ) |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, BEGINNING BALANCE**                                                      |   |   | (4,225 | ) |   |   |   |   |   |   | (2,225 | ) |   |   |   |   |   |   | - |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, ENDING BALANCE**                                                         |   | $ | (5,225 | ) |   |   |   |   |   | $ | (5,475 | ) |   |   |   |   |   | $ | (20,475 | ) |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                    (loss) per share**                                                                   |   | $ | (0.01 | ) |   |   |   |   |   | $ | (0.03 | ) |   |   |   |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **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,                    2007** |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   | **COMMON** |   |   | **PAID** |   |   | **ACCUM.** |   |   | **TOTAL** |   |
|                                                                                              |   | **SHARES** |   |   | **STOCK** |   |   | **IN                    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                                                     |   |   | 275,000 |   |   |   | 28 |   |   |   | 2,722 |   |   |   | - |   |   |   | 2,750 |   |
| of                    expenses paid                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| July                    30, 2006                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    Issued on acceptance                                                     |   |   | 1,250,000 |   |   |   | 125 |   |   |   | 12,375 |   |   |   | - |   |   |   | 12,500 |   |
| of                    expenses paid                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| August                    15, 2006                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (17,250 | ) |   |   | (17,250 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    January 31, 2007                                                        |   |   | 1,625,000 |   |   | $ | 253 |   |   | $ | 15,097 |   |   | $ | (19,475 | ) |   | $ | (4,125 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Loss                                                                       |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,000 | ) |   |   | (1,000 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    July 31, 2007                                                           |   |   | 1,625,000 |   |   | $ | 253 |   |   | $ | 15,097 |   |   | $ | (20,475 | ) |   | $ | (5,125 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **51147,                    Inc.**                                                                       |   |
|----------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                     |   |
| **STATEMENTS                    OF CASH FLOWS**                                                          |   |
| **For                    the six months ending July 31, 2007 and July 31, 2006,                    and** |   |
| **from                    inception (February 2, 2005) through July 31,                    2007**        |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   | **6                    MONTHS** |   |   | **6                    MONTHS** |   |   |   |   |
|                                                                                                     |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
| **CASH                    FLOWS FROM OPERATING ACTIVITIES**                                              |   | **7/31/2007** |   |   | **7/31/2006** |   |   | **INCEPTION** |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|     Net                    income (loss)                                             |   | $ | (1,000 | ) |   | $ | (3,250 | ) |   | $ | (20,475 | ) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|     Stock                    issued as compensation                                  |   |   | - |   |   |   | 2,750 |   |   |   | 15,350 |   |
|     Increase                    (Decrease) in Accrued Expenses                       |   |   | 1,000 |   |   |   | 500 |   |   |   | 5,125 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total                    adjustments to net income       |   |   | 1,000 |   |   |   | 3,250 |   |   |   | 20,475 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|     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:**

| Deferred                      tax assets:                                                                          |   |   |   |
|--------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Federal                      net operating loss                                                                    |   | $      | 3,071  |   |
| State                      net operating                      loss         |   |   | 1,024  |   |
|                                                                                                               |   |   |   |   |
| Total                      Deferred Tax Asset                                                                      |   |   | 4,095  |   |
| Less                      valuation                      allowance         |   |   | (4,095 | ) |
|                                                                                                               |   |   | 0      |   |

| Federal                      income tax rate                                                                                                |   |   | 15.0   | %      |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| State                      tax, net of federal benefit                                                                                      |   |   | 5.0    | %      |
| Increase                      in valuation allowance                                                                                        |   |   | (20.0  | %)     |
|                                                                                                                                        |   |   |   |   |
| Effective                      income tax                      rate             |   |   | 0.0    | %      |

----

**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**

----

| (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                              |   |
|                                         |                                   |   |   |   |