----

----

**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.) |

----

**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**

----

**51147,        INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**FINANCIAL        STATEMENTS**

**AS        OF OCTOBER 31, 2006**

| 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 October 31, 2006**                                                       |   |
|                                                                                              |   |   |   |   |   |   |
| **ASSETS**                                                                                        |   |
|                                                                                              |   |   |   |   |   |   |
| **CURRENT                  ASSETS**                                                               |   | **10/31/2006** |   |   | **1/31/2006** |   |
|                                                                                              |   |   |   |   |   |   |
|     Cash                                                                      |   | $ | - |   |   | $ | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |
|         Total                  Current Assets             |   |   | - |   |   |   | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |
| **        TOTAL                  ASSETS**                 |   | $ | - |   |   | $ | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDER'S EQUITY**                                         |   |
|                                                                                              |   |   |   |   |   |   |   |   |
| **CURRENT                  LIABILITIES**                                                          |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |
|     Accrued                  Expenses                                         |   | $ | 3,125 |   |   | $ | 2,125 |   |
|                                                                                              |   |   |   |   |   |   |   |   |
|         Total                  Current Liabilities        |   |   | 3,125 |   |   |   | 2,125 |   |
|                                                                                              |   |   |   |   |   |   |   |   |
| **        TOTAL                  LIABILITIES**            |   |   | 3,125 |   |   |   | 2,125 |   |
|                                                                                              |   |   |   |   |   |   |   |   |
| **STOCKHOLDER'S                  EQUITY**                                                         |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |
|     Common                  Stock - Par value $0.0001;                        |   |   |   |   |   |   |   |   |
|         Authorized:                  100,000,000          |   |   |   |   |   |   |   |   |
|         Issued                  and Outstanding: 100,000  |   |   | 253 |   |   |   | 100 |   |
|     Additional                  Paid-In Capital                               |   |   | 15,097 |   |   |   | - |   |
|     Accumulated                  Deficit                                      |   |   | (18,475 | ) |   |   | (2,225 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |
|         Total                  Stockholders' Equity       |   |   | (3,125 | ) |   |   | (2,125 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |
| **        TOTAL                  LIABILITIES AND EQUITY** |   | $ | - |   |   | $ | - |   |
|                                                                                              |   |   |   |   |   |   |   |   |

----

| **51147,                  Inc.**                                                                                                       |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|
| **(a                  development stage company)**                                                                                     |   |
| **STATEMENT                  OF OPERATIONS**                                                                                           |   |
| **For                  the Nine and three months ending October 31, 2006 and October 31,                  2005,                  and** |   |
| **from                  inception (February 2, 2005) through October 31,                  2006**                                       |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   | **9                  MONTHS** |   |   | **3                  MONTHS** |   |   | **9                  MONTHS** |   |   | **3                  MONTHS** |   |   |   |   |
|                                                                                                                                   |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
|                                                                                                                                   |   | **10/31/2006** |   |   | **10/31/2006** |   |   | **10/31/2005** |   |   | **10/31/2005** |   |   | **INCEPTION** |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                                                            |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                  OF SERVICES**                                                                                                  |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                  PROFIT OR (LOSS)**                                                                                            |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                  AND ADMINISTRATIVE EXPENSES**                                                                               |   |   | 16,250 |   |   |   | 13,000 |   |   |   | 1,225 |   |   |   | 250 |   |   |   | 18,475 |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                  INCOME (LOSS)**                                                                                                 |   |   | (16,250 | ) |   | $ | (13,000 | ) |   |   | (1,225 | ) |   | $ | (250 | ) |   |   | (18,475 | ) |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                  DEFICIT, BEGINNING BALANCE**                                                                            |   |   | (2,225 | ) |   |   |   |   |   |   | - |   |   |   |   |   |   |   | - |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                  DEFICIT, ENDING BALANCE**                                                                               |   | $ | (18,475 | ) |   |   |   |   |   | $ | (1,225 | ) |   |   |   |   |   | $ | (18,475 | ) |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                  (loss) per share**                                                                                         |   | $ | (0.16 | ) |   |   |   |   |   | $ | (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 October 31,                  2006** |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   | **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                                                                        |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (16,250 | ) |   |   | (16,250 | ) |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                  October 31, 2006                                                         |   |   | 1,625,000 |   |   | $ | 253 |   |   | $ | 15,097 |   |   | $ | (18,475 | ) |   | $ | (3,125 | ) |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **51147,                    Inc.**                                                                              |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                            |   |
| **STATEMENTS                    OF CASH FLOWS**                                                                 |   |
| **For                    the Nine months ending October 31, 2006 and October 31, 2005,                    and** |   |
| **from                    inception (February 2, 2005) through October 31,                    2006**            |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                            |   | **9                    MONTHS** |   |   | **9                    MONTHS** |   |   |   |   |
|                                                                                                            |   | **ENDING** |   |   | **ENDING** |   |   | **FROM** |   |
| **CASH                    FLOWS FROM OPERATING ACTIVITIES**                                                     |   | **10/31/2006** |   |   | **10/31/2005** |   |   | **INCEPTION** |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |
|     Net                    income (loss)                                                    |   | $ | (16,250 | ) |   | $ | (1,225 | ) |   | $ | (18,475 | ) |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|     Stock                    issued as compensation                                         |   |   | 15,250 |   |   |   | 100 |   |   |   | 15,350 |   |
|     Increase                    (Decrease) in Accrued Expenses                              |   |   | 1,000 |   |   |   | 1,125 |   |   |   | 3,125 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total                    adjustments to net income              |   |   | 16,250 |   |   |   | 1,225 |   |   |   | 18,475 |   |
|                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|     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**

----

| (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                        |   |
|                                         |                             |   |   |   |