UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 _____________ FORM 10-QSB

_____________ (MARK ONE) x

QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the quarterly period ended
September 30, 2005ORo

TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934Forthe transition period from  toCommission file number: 000-23819 WILSON HOLDINGS, INC. (Exact
Name of Small Business Issuer as Specified in its Charter) NEVADA

76-0547762(State or
other Jurisdiction of 
Incorporation or Organization)

(I.R.S Employer
Identification No.)2700 VIA FORTUNA, SUITE 400, 
AUSTIN, TEXAS

78746(Address of
Principal Executive Offices)

(Zip
Code) (512) 732-0932 (Issuer's Telephone Number, Including Area Code) COLE COMPUTER CORPORATION (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Check whether the issuer (1) filed all reports required to be filed by Sections 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act.)  Yes
o No
x As of
November 17, 2005 the issuer had 17,689,251 outstanding shares of common
stock, par value $0.001 per share.  PART I
FINANCIAL INFORMATION
Item 1     Financial Statements
The condensed financial statements included herein have been prepared by Wilson Holdings, Inc. (formerly known as Cole Computer Corporation) (the Company), without audit, pursuant
to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed
or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.
In the opinion of the Company, all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the financial position of the Company as of September 30, 2005 and
the results of its operations and changes in its financial position from December 31, 2004 through September 30, 2005 have been made. The results of its operations for the interim period are not necessarily indicative of the results to be expected
for the entire year.
2

Wilson Holdings, Inc.
(formerly known as Cole Computer Corporation)
Balance SheetsSeptember 30,



December 31,2005



2004(Unaudited)AssetsCurrent AssetsCash

$

3,737


$

5,287Total Current Assets



3,737




5,287Total Assets

$

3,737


$

5,287Liabilities and Stockholders'
Equity (Deficit)Current liabilitiesNotes payable - Related Party

$

97,189


$

849,976Notes payable



988,507




98,000Accrued interest payable



41,408




80,325Accounts payable - discontinued operations



136,794




209,896Total Current Liabilities



1,263,898




1,238,197Stockholders' EquityPreferred Stock, 10% cumulative, $100 par value,10,000,000 shares Authorized, 0 shares issued andoutstanding



-




-Preferred stock, no par value, 10,000,000 shares



-




-authorized, 0 shares issued and outstandingCommon stock; $.001 par value, 80,000,000 sharesauthorized, 245,607 and 69,437,400 issued andoutstanding, retroactively restated.



246




69,437Additional paid in capital



2,893,974




2,828,771Accumulated deficit



(4,154,370
)



(4,127,118
)Less: treasury stock, 11,429 shares at cost



(11
)



(4,000
)Total stockholders' (Deficit)



(1,260,162
)



(1,232,910
)Total Liabilities and Stockholders' Equity (Deficit)

$

3,737


$

5,287 The accompanying notes are an integral part of these financial statements.
3

Wilson Holdings, Inc.
(formerly known as Cole Computer Corporation)
Statements of Operations
(Unaudited)For the Three Months Ended


For the Nine Months EndedSeptember 30,

September 30,


September 30,


September 30,2005

2004


2005


2004Revenue

$



-


$



-


$

-


$

-Costs and ExpensesGeneral & Administrative

$



4,186


$



3,789


$

13,211


$

37,877Total Expenses





4,186






3,789




13,211




37,877Income (Loss) from Operations



(4,186
)



(3,789
)



(13,211
)



(37,877
)Other Income and (Expenses)Other Income





2,205






4,050




9,122




4,050Gain on Settlement of Debt





179






-




18,543




-Interest Expense



(17,818
)



(19,377
)



(41,705
)



(46,134
)Total Other Income and (Expenses)



(15,435
)



(15,327
)



(14,040
)



(42,084
)Net income (loss) before discontinuedoperations



(19,621
)



(19,166
)



(27,251
)



(79,961
)Income (Loss) from discontinuedoperations





-






-




-




(43,718)Income (Loss) before tax expense



(19,621
)



(19,166
)



(27,251
)



(123,679
)Tax expense





-






-




-




-Net income (loss)

$

(19,621
)

$

(19,166
)

$

(27,251
)

$

(123,679
)Earnings per share:Basic and diluted income (loss)

$

(0.00
)

$

(0.00
)

$

(0.00
)

$

(0.01
)Weighted Average Outstanding 
 Shares



245,607


19,387,400




245,607




19,387,400 The accompanying notes are an integral part of these financial statements.
4

Wilson Holdings, Inc.
(formerly known as Cole Computer Corporation)
Statements of Cash Flows
(Unaudited)For the Nine Months EndedSeptember 30,

September 30,2005

2004Cash Flows from Operating ActivitiesNet income (loss)

$
(27,251
)
$
(123,679
)Adjustments to reconcile net income to net cash (used in) operatingactivities:Depreciation


-


14,488Change in cash from operating assets and liabilities:Accounts receivable


-


5,596Other current assets


-


27,250Increase (decrease) in Accounts payable


(73,102
)

52,775Increase (decrease) Accrued Interest Payable


(38,917
)

(13,591
)Net cash (used in ) operating activities


(139,270
)

(37,161
)Cash Flows from Investing ActivitiesNet cash (used in) investing activities


-


-Cash Flows From Financing Activities:Loan proceeds from notes payable - related party


-


9,000Proceeds from note payable


-


8,000Increase (decrease) notes payable - related party


(752,787
)

-Increase (decrease) notes payable


890,507


-Net cash provided by financing activities


137,720


17,000Net change in cash


(1,550
)

(20,161
)Cash, Beginning of Period


5,287


22,615Cash, End of Period

$
3,737

$
2,454Supplemental Disclosures of Cash Flow InformationInterest paid

$
-

$
-Taxes


-


-The accompanying notes are an integral part of these financial statements.
5

Wilson Holdings, Inc.
(formerly known as Cole Computer Corporation)
NOTES TO INTERIM CONDENSED FINANCIAL STATEMENTS
September 30, 2005
(Unaudited)
NOTE 1 - PRESENTATIONThe balance sheet of Wilson Holdings, Inc. (formerly known as Cole Computer Corporation) (the Company) as of September 30, 2005, and related statements of operations and cash flows for the interim periods ended
September 30, 2005 and 2004 included in the condensed financial statements have been prepared by the Company without audit. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal, recurring
adjustments) necessary to summarize fairly the Companys financial position, results of operations and cash flows. The results of operations for the nine months ended September 30, 2005, are not necessarily indicative of the results of
operations for the full year or any other interim period. The information included in this Form 10-QSB should be read in conjunction with Managements Discussion and Analysis and financial statements and notes thereto included in Cole Computer
Corporation (predecessor to Wilson Holdings, Inc.)s December 31, 2004, Form 10-KSB.
NOTE 2 - GOING CONCERNThe Companys financial statements are prepared using generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal
course of business. Currently, the Company does not have significant cash or other material assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The
Company does not currently possess a financial institution source of financing and the Company cannot be certain that it's existing sources of cash will be adequate to meet its
liquidity requirements.
NOTE 3 - SETTLEMENT OF DEBTDue to discontinued operations and the inability of the Company to pay outstanding debts, vendors have agreed to settle the amounts owed by taking a discount on the outstanding balances. During the period covered by this
report, debt in the amount of $357 was settled for $178. The gain on settlement of debt is $178.
NOTE 4 - COMMON STOCKDuring August 2005, shareholders holding a majority of the Company's common stock voted on a reverse split and on September 22, 2005, the Company
effectuated the reverse split on a basis of up to 350 to 1. The recapitalization reduced on a 350 to 1 basis the issued and outstanding shares of the Company's common stock, par
value $.001 per share through a reverse split or consolidation, so that shareholders will receive one (1) share of Common Stock for every three hundred and fifty (350) shares of Common Stock now held by the shareholder. In an effort to preserve
shareholders in"round lots", which is of benefit to the shareholders and the Company, no certificate below
one hundred shares was reversed and no certificate greater than one hundred shares was reversed below one hundred shares. No fractional shares were issued in connection with such recapitalization and only fractional shares were rounded up to the
nearest whole number. This transaction is not intended to be a"going private"transaction.
The rights of existing shareholders were not altered and no shareholder was eliminated as a result of the reverse split. All common shares have been retroactively restated to reflect the 350:1 reverse split.
6

NOTE 5 - SUBSEQUENT EVENTSSubsequent to the end of the period covered by this report, the Company accepted the conversion of approximately $1,126,760 of debt for the issuance of 658,922 post-split shares of the Company's common stock. Common Stock and Additional paid in capital were credited for the appropriate amounts.
Subsequent to the end of the period covered by this report, the Company acquired
Wilson Family Communities, Inc. See Part II, Item 5 below for a description of
this transaction.
NOTE 6 - CHANGE IN COMPANY'S NAMEOn August 4, 2005, shareholders holding a majority of the Company's common stock, voted to change the name of the Company to be determined at a later
date by the Board of Directors. Effective September 29, 2005, the Company amended its Articles of Incorporation to change its name to Wilson Holdings, Inc. A copy of the Amendment to Articles of Incorporation is attached hereto as Exhibit
3.1.
Due to the reverse split, name change and our acquisition of Wilson Family Communities, Inc., the Companys trading symbol was been changed to WSHD.
7

Item 2.     Managements Discussion and Analysis of Financial Condition and Results of Operations.
The discussion and analysis contained herein should be read in conjunction with the preceding financial statements and the information contained in the Companys Form 10-QSB and the
Companys most recent Form 10-KSB. Except for the historical information contained herein, the matters discussed in this Form 10-QSB contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including, among others (i) expected changes in the Companys revenues and profitability, (ii) the effects of
cost-reduction measures, (iii) prospective business opportunities and (iv) the Companys strategy for improving and funding its business, that are based on managements beliefs and assumptions, current expectations, estimates, and
projections. Statements that are not historical facts, including, without limitation, statements which are preceded by, followed by, or include the words believes, anticipates, plans, expects,
may, should or similar expressions are forward-looking statements. Many of the factors that will determine the Companys future results are beyond the ability of the Company to control or predict. These statements are
subject to risks and uncertainties and, therefore, actual results may differ materially. All subsequent written and oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their
entirety by these cautionary statements. The Company disclaims any obligation to update any forward-looking statements whether as a result of new information, future events, or otherwise.
GeneralUntil our acquisition of Wilson Family Communities, Inc. on October 11, 2005, we
had no operations and were seeking business opportunities to acquire or merge with. Our acquisition of Wilson
Family Communities is described in our Current Report on Form 8-K dated October 11, 2005 and filed October 17, 2005.
Liquidity and Capital Resources.
     As of September 30, 2005 we had minimal liquid assets. We will need to raise additional capital through private funding to meet the financial needs of being a reporting company. There is no
guarantee that we will be successful in obtaining necessary funding to develop any business opportunities.Subsequent to the end of the period covered by this report, all remaining debt and accounts payable from operations have been liquidated.
8

Results of Operation.
     The Company reported a net loss of $19,621 and $27,251 for the quarters ended September 30, 2005, and September 30, 2004, respectively. The Company anticipates very little or no
overhead from future operations until a successor business can be acquired or merged.Plan of Operations.
     The Company will be looking for business opportunities to acquire or merge with. In seeking a business opportunity to merge with or acquire, management is reviewing various business plans.
Management has not limited their review of plans or exploration of acquisitions to any particular industry or service sector. There is no guarantee that management will be successful in finding such an opportunity.
Item 3.     Controls and Procedures.(a)Evaluation of disclosure controls and procedures.We carried out an evaluation, under the supervision and with the participation of our
management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15 of the Securities Exchange Act of 1934 (the
Exchange Act). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that as of September 30, 2005, the end of the period covered by this report, our disclosure controls and procedures were
effective at the reasonable assurance level in timely alerting them to material information relating to us (including its consolidated subsidiaries) required to be included in our Exchange Act filings.
(b)Changes in internal control over financial reporting.During the quarter ended September 30, 2005, there have been no significant changes in our
internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
9

PART II
OTHER INFORMATION
Item 1.     Legal Proceedings.
Not applicable.
Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds.
In August 2005, shareholders holding a majority of the Company's common stock voted on and the Company effectuated a reverse split on a basis of up to
350 to 1. The recapitalization reduced on a 350 to 1 basis the issued and outstanding shares of the Company's common stock, par value $.001 per share through a reverse split
or consolidation, so that shareholders will receive one (1) share of Common Stock for every three hundred and fifty (350) shares of Common Stock now held by the shareholder. In an effort to preserve shareholders in
"round lots", which is of benefit to the shareholders and the Company, no certificate below one hundred shares was reversed and
no certificate greater than one hundred shares was reversed below one hundred shares. No fractional shares were issued in connection with such recapitalization and only fractional shares were rounded up to the nearest whole number. This transaction
is not intended to be a "going private"transaction.
The rights of existing shareholders were not altered and no shareholder was eliminated as a result of the reverse split. All common shares have been retroactively restated to reflect the 350:1 reverse split.
As a result of the reverse split, the outstanding common stock changed from 69,437,400 at the beginning of the period covered by this report to 245,607 post-split common shares as of September 30, 2005.
Subsequent to the end of the period covered by this report, the Company accepted the conversion of approximately $1,126,760 of debt for the issuance of 658,922 post-split shares of the Company's common stock.. These conversions of debt have been recorded in the appropriate accounts in the financial statements.
Item 3.     Defaults Upon Senior Securities.As of September 30, 2005, we were in default of certain of our senior securities, described below:
10



Indebtedness:


Nature Of DefaultNote payable to a corporation, interest at 12%, withremaining principal and interest due December 31, 2004,
84,289

Non-paymentnote is currently in defaultNote payable to former affiliate, principal and interest dueFebruary 1, 2005, bearing interest at 7% , note is currentlyin default.
414,516

Non-paymentNote payable to former affiliate, principal and interest dueFebruary 1, 2005, bearing interest at 8% , note is currently 
in default.
338,272

Non-paymentIn connection with our acquisition of Wilson Family Communities, Inc. which we consummated on October 11, 2005, we repaid the indebtedness set forth above and are no longer in default of any senior securities.
Item 4.     Submission of Matters to a Vote of Security Holders.
On August 4, 2005, shareholders holding a majority of the Company's common stock, voted to change the name of the Company to be determined at a later
date by the Board of Directors. Effective September 29, 2005, the Company amended its Articles of Incorporation to change its name to Wilson Holdings, Inc.
Item 5.Other Information.On October 11, 2005, pursuant to an Agreement and Plan of Reorganization dated as of September 2, 2005 by and among us, Wilson Acquisition Corp., a Delaware corporation and our wholly-owned subsidiary, Wilson Family
Communities, Inc., a Delaware corporation (WFC), and the Major Shareholders listed on Schedule A thereto, Wilson Acquisition Corp. was merged with and into WFC, and WFC became our wholly-owned subsidiary. As a result of the Merger,
Wilson Holdings, Inc., which previously had no material operations, acquired the business of WFC.
Upon consummation of the Merger each share of WFC common stock was converted into one share of common stock of Wilson Holdings, Inc., and each share of WFC Series A Convertible Preferred Stock was converted into one share
of common stock of Wilson Holdings, Inc.
Immediately prior to the Merger, as the result of a reverse stock split and the conversion of certain indebtedness into shares of our common stock, there were approximately 884,463 shares of our common stock outstanding.
Approximately 16.8 million shares were issued to holders of issued and outstanding WFC capital stock. Former holders of options to purchase the common stock of WFC hold rights to purchase in the aggregate approximately 850,000 shares of our common
stock. The capitalization of Wilson Holdings, Inc. is approximately 19.4 million shares on a fully-diluted basis.
11
The Merger Agreement was a product of negotiations between Wilson Holdings and WFC. Prior to the Merger, there were no material relationships between Wilson Holdings and WFC, any of their respective affiliates, directors or
officers or any associates of such directors or officers.
In connection with the consummation of the Merger, the address of our principal executive officers was changed to 2700 Via Fortuna, Suite 400, Austin, Texas 78746 and the telephone number of our executive offices was
changed to (512) 732-0932.
ITEM 6.Exhibits.2.1
Agreement and Plan of Reorganization dated as of September 2 2005 by and among Registrant, Wilson Acquisition Corp. Wilson Family Communities Inc. and the Major Shareholders listed on Schedule A thereto (filed as Exhibit 2.1 to Registrants Current Report on Form 8-K dated September 2, 2005 and incorporated herein by this reference)3.1
Certificate of Amendment to Articles of Incorporation (filed as Exhibit 3.1 to Registrants Current Report on Form 8-K dated September 29, 2005 and incorporated herein by this reference)31.1
Certification31.2
Certification32
Certification required pursuant to Section 906 of Sarbanes-Oxley Act of 2002.12

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
WILSON HOLDINGS, INC.November 21, 2005

/s/ Clark Wilson(Date)

Clark WilsonPresident and Chief Executive Officer(Principal Executive Officer)November 21, 2005

/s/ Daniel Allen(Date)

Daniel AllenVP and Chief Financial Officer(Principal Financial and Accounting Officer)13