UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-Q

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þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2009

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from: _____________ to _____________

Commission File Number: 333-140710

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eLuxuryHouse, Inc.

(Exact name of registrant as specified in its charter)

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Florida	###-##-####
(State or other jurisdiction	(I.R.S. Employer
of incorporation or organization)	Identification No.)

160 Franklin Street

Suite 201

Oakland, California 94607

(Address of Principal Executive Office) (Zip Code)

(510) 414-9640

(Registrant’s telephone number, including area code)

———————

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act).


Large accelerated filer ¨		Accelerated filer ¨
Non-accelerated filer ¨		Smaller reporting company þ
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesþNo ¨

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. 30,010,000 shares, par value $0.00001 per share, as of May 1, 2009.

TABLE OF CONTENTS

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements

Balance Sheets - As of March 31, 2009 (unaudited) and June 30, 2008 (audited)

Statements of Operations -
For the Three and Nine Months Ended March 31, 2009 and 2008 (unaudited)

Statements of Changes in Stockholders' Deficit –

For the Nine Months Ended March 31, 2009 (unaudited) and the

Year Ended June 30, 2008 (audited)

Statements of Cash Flows -
For the Nine Months Ended March 31, 2009 and 2008 (unaudited)

Notes to Financial Statements (unaudited)

5-8

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

9-12

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Item 4T. Controls and Procedures

PART II – OTHER INFORMATION

Item 6. Exhibits

Signatures

PART 1--FINANCIAL INFORMATION

Item 1.

Financial Statements

eLuxuryHouse, Inc.

Balance Sheets


	March 31, 2009			June 30, 2008
Assets	(Unaudited)			(Audited)

Current Assets
Cash	$	2,096		$	––
Total Current Assets		2,096			––

Total Assets	$	2,096		$	––

Liabilities and Stockholders’ Deficit

Current Liabilities
Accounts Payable	$	1,950		$	2,625
Loans payable - related party		45,591			19,741
Total Current Liabilities		47,541			22,366

Stockholders’ Deficit
Preferred stock ($0.00001 par value, 20,000,000 shares authorized,
authorized, none issued and outstanding)		––			––
Common stock ($0.00001 par value, 100,000,000 shares authorized,
authorized, 30,010,000 shares issued and outstanding)		300			300
Additional paid in capital		134,590			134,590
Accumulated deficit		(180,335	)		(157,256	)
Total Stockholders’ Deficit		(45,445	)		(22,366	)

Total Liabilities and Stockholders’ Deficit	$	2,096		$	––

See accompanying notes to unaudited financial statements

eLuxuryHouse, Inc.

Statements of Operations

(Unaudited)


	For the Three Months Ended			For the Three Months Ended			For the Nine Months Ended			For the Nine Months Ended
	March 31, 2009			March 31, 2008			March 31, 2009			March 31, 2008

Sales	$	––		$	526		$	––		$	2,901

Cost of sales		––			290			––			2,362

Gross Profit		––			236			––			539

Operating Expenses
General and administrative		6,335			10,990			23,079			48,237
Impairment loss		––			8,637			––			8,637
Total Operating Expenses		6,335			19,627			23,079			56,874

Net Loss	$	(6,335	)	$	(19,391	)	$	(23,079	)	$	(56,335	)

Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average number of shares outstanding
during the period - basic and diluted		30,010,000			30,010,000			30,010,000			30,010,000

See accompanying notes to unaudited financial statements

eLuxuryHouse, Inc.

Statements of Changes in Stockholders' Deficit

For the Nine Months Ended March 31, 2009 (unaudited) and for the Year Ended June 30, 2008 (audited)



	Common Stock, $0.00001 Par Value				Additional Paid in Capital		Accumulated Deficit			Total Stockholders’ Deficit
	Shares		Amount		Additional Paid in Capital		Accumulated Deficit			Total Stockholders’ Deficit

Balance June 30, 2007		30,010,000		300		100,990		(78,491	)		22,799

Debt forgiveness - related parties		––		––		33,600		––			33,600
								––			––
Net Loss, 2008		––		––		––		(78,765	)		(78,765	)

Balance June 30, 2008		30,010,000		300		134,590		(157,256	)		(22,366	)

Net Loss, nine months ended March 31, 2009		––		––		––		(23,079	)		(23,079	)

Balance March 31, 2009 (unaudited)		30,010,000	$	300	$	134,590	$	(180,335	)	$	(45,445	)

See accompanying notes to unaudited financial statements

eLuxuryHouse, Inc.

Statements of Cash Flows

(Unaudited)


	For the Nine Months Ended			For the Nine Months Ended
	March 31, 2009			March 31, 2008

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(23,079	)	$	(56,335	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		––			11,001
Depreciation		––			942
Impairment loss					8,637
Changes in operating assets and liabilities:
Accounts Payable		(675	)		––
Inventory		––			602
Net Cash Used In Operating Activities		(23,754	)		(35,153	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans payable - related parties		25,850			33,600
Repayment of advances - related parties		––			(1,159	)
Net Cash Provided By Financing Activities		25,850			32,441

Net Increase (Decrease) in Cash		2,096			(2,712	)

Cash - Beginning of Period		––			2,776

Cash - End of Period	$	2,096		$	64

Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for:
Income taxes	$	––		$	––
Interest	$	––		$	––

See accompanying notes to unaudited financial statements

ELUXURYHOUSE, INC.

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2009

(UNAUDITED)

Note 1 Basis of Presentation

The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation.

The unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-KSB, which contains the audited financial statements and notes thereto, together with the Management’s Discussion and Analysis, for the years ended June 30, 2008 and 2007, respectively. The interim results for the period ended March 31, 2009 are not necessarily indicative of results for the full fiscal year.

Note 2 Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

eLuxuryHouse, Inc. was incorporated in the State of Florida on July 21, 2005.

On March 17, 2008, WebSky, Inc. (“WebSky”), a Nevada corporation, purchased 27,309,100 shares (the “Control Shares”) (91% of the outstanding shares) of the Company’s common stock from existing shareholders. The sale was a private transaction with a third party in which these shares were sold for $416,500. This transaction resulted in a change of control. In connection with this sale, the Company intends to change the focus of the business. The Company was engaged in internet-based retail sales of authentic designer merchandise including handbags, wallets, belts, watches, jewelry and other personal accessories offered at discount prices.

WebSky is engaged in the wireless, broadband telecommunications business. Through the ownership of its Argentine subsidiary, WebSky Argentina S.A., WebSky controlled certain wireless broadband spectrum licenses and frequencies in Buenos Aires, Argentina. Websky intends for the Company to focus primarily on new wireless telecommunications opportunities in Argentina and other parts of Latin America, but it may also consider opportunities in others parts of the world.

In March 2008, the Company ceased operating as an internet retailer.

Risks and Uncertainties

The Company's operations will be subject to significant risk and uncertainties including financial, operational, technological, and regulatory risks including the potential risk of business failure.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Significant estimates during fiscal year end 2009 and 2008 include the valuation allowance for deferred tax assets, primarily due to current and expected continuing losses

ELUXURYHOUSE, INC.

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2009

(UNAUDITED)

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents. At March 31, 2009 and June 30, 2008, respectively, the Company had no cash equivalents.

The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At March 31, 2009 and June 30, 2008, respectively, there were no balances that exceeded the federally insured limit.

Fair Value of Financial Instruments

The carrying amounts of the Company’s short-term financial instruments, including accounts payable and loans payable – related party, approximates fair value due to the relatively short period to maturity for these instruments.

Earnings per Share

Basic earnings/(loss) per share is computed by dividing net income/(loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings/(loss) per share is computed by dividing net income/(loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2009 and 2008, respectively, the Company did not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented.

Stock-based compensation

All share-based payments to employees will be recorded and expensed in the statement of operations as applicable under SFAS No. 123R, “Share-Based Payment”.

Non-employee stock based compensation

Stock-based compensation awards issued to non-employees for services will be recorded at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in Emerging Issues Task Force Issue EITF No. 96-18, “Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services” (“EITF 96-18”).

Segment Information

The Company follows Statement of Financial Accounting Standards No. 131, "Disclosures about Segments of an Enterprise and Related Information." During 2009 and 2008, the Company only operated in one segment; therefore, segment information has not been presented.

Recent Accounting Pronouncements

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of Accounting Research Bulletin No 51” (“SFAS 160”). SFAS 160 establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, changes in a parent’s ownership of a noncontrolling interest, calculation and disclosure of the consolidated net income attributable to the parent and the noncontrolling interest, changes in a parent’s ownership interest while the parent retains its controlling financial interest and fair value measurement of any retained noncontrolling equity investment. SFAS 160 is effective for financial statements issued for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years. Early adoption is prohibited. The adoption of SFAS No. 160 did not have a material effect on the Company’s financial position, results of operations or cash flows.

In December 2007, the FASB issued SFAS 141R, “Business Combinations” (“SFAS 141R”), which replaces FASB SFAS 141, “Business Combinations”. This Statement retains the fundamental requirements in SFAS 141 that the acquisition method of accounting be used for all business combinations and for an acquirer to be identified for each business combination. SFAS 141R defines the acquirer as the entity that obtains control of one or more businesses in

ELUXURYHOUSE, INC.

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2009

(UNAUDITED)

the business combination and establishes the acquisition date as the date that the acquirer achieves control. SFAS 141R will require an entity to record separately from the business combination the direct costs, where previously these costs were included in the total allocated cost of the acquisition. SFAS 141R will require an entity to recognize the assets acquired, liabilities assumed, and any non-controlling interest in the acquired at the acquisition date, at their fair values as of that date. This compares to the cost allocation method previously required by SFAS No. 141. SFAS 141R will require an entity to recognize as an asset or liability at fair value for certain contingencies, either contractual or non-contractual, if certain criteria are met. Finally, SFAS 141R will require an entity to recognize contingent consideration at the date of acquisition, based on the fair value at that date. This Statement will be effective for business combinations completed on or after the first annual reporting period beginning on or after December 15, 2008. Early adoption of this standard is not permitted and the standards are to be applied prospectively only. Upon adoption of this standard, there would be no impact to the Company’s results of operations and financial condition for acquisitions previously completed. The adoption of SFAS No. 141R did not have a material effect on the Company’s financial position, results of operations or cash flows.

In October 2008, the FASB issued FSP FAS 157-3, “Determining the Fair Value of a Financial Asset When the Market For That Asset Is Not Active” (“FSP FAS 157-3”), with an immediate effective date, including prior periods for which financial statements have not been issued. FSP FAS 157-3 amends FAS 157 to clarify the application of fair value in inactive markets and allows for the use of management’s internal assumptions about future cash flows with appropriately risk-adjusted discount rates when relevant observable market data does not exist. The objective of FAS 157 has not changed and continues to be the determination of the price that would be received in an orderly transaction that is not a forced liquidation or distressed sale at the measurement date. The adoption of FSP FAS 157-3 is not expected to have a material effect on the Company’s financial position, results of operations or cash flows.

In April 2009, the FASB issued FSP SFAS 157-4, “Determining Whether a Market Is Not Active and a Transaction Is Not Distressed,” which further clarifies the principles established by SFAS No. 157. The guidance is effective for the periods ending after June 15, 2009 with early adoption permitted for the periods ending after March 15, 2009. The adoption of FSP FAS 157-4 is not expected to have a material effect on the Company’s financial position, results of operations, or cash flows.

Other accounting standards have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date and are not expected to have a material impact on the financial statements upon adoption.

Note 3 Going Concern

As reflected in the accompanying financial statements, the Company has a net loss of $23,079 and net cash used in operations of $23,754 for the nine months ended March 31, 2009; and a working capital deficit and a stockholder’s deficit of $45,445, and an accumulated deficit of $180,335 at March 31, 2009.

The ability of the Company to continue as a going concern is dependent on Management's plans, which include potential asset acquisitions, mergers or business combinations with other entities, further implementation of its business plan and continuing to raise funds through debt or equity raises. The Company generated minimal sales in 2008 and none in 2009.

The Company will require additional funding during the next twelve months to finance the growth of its current and expected future operations as well as to achieve its strategic objectives. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

ELUXURYHOUSE, INC.

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2009

(UNAUDITED)

Note 4 Loans Payable – Related Party

(A)

Nine Months Ended March 31, 2008

During the nine months ended March 31, 2008, the Company received an aggregate $33,600 from two former related party stockholders. The loans were non-interest bearing, unsecured and due on demand. On March 17, 2008, the Company’s majority stockholders sold all shares of common stock resulting in a change of control. The total amount due to the former related party stockholders prior to the sale were forgiven and credited to additional paid in capital.

During the nine months ended March 31, 2008, the Company repaid advances of $1,159 to two former related party stockholders.

(B)

Nine Months Ended March 31, 2009

During the nine months ended March 31, 2009, the Company received an aggregate $25,850 from an affiliate of our Chief Executive Officer. The loans were non-interest bearing, unsecured and due on demand. However, if payment is not made upon demand, the advances would be in default, and the default interest rate would be 7%.

100% of all debt financing in 2009 was financed by an affiliate of our Chief Executive Officer.

Note 5 Subsequent Event

During April 2009, the Company received $6,000 from an affiliate of our Chief Executive Officer. The loan was non-interest bearing, unsecured and due on demand. However, if payment is not made upon demand, the advances would be in default, and the default interest rate would be 7%.

Item 2.

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

Statements made in this Report that are not historical facts may constitute forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those discussed. Such risks and uncertainties include but are not limited to those discussed in this report and in our other reports filed with the Securities and Exchange Commission. Words such as “expects,” “may,” “will,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements.

Factors that could cause our results to differ materially from the results discussed in such forward-looking statements include, without limitation: we have a limited operating history during which we have generated minimal revenues and have incurred losses to date; due to our operating losses and our lack of working capital we may not be able to continue as a going concern; we are changing our business plan and are leaving the internet merchandise sales business and are planning to enter the wireless telecommunications business in over-seas markets; we may not be able to obtain sufficient capital to operate our planned business; we may not be able to acquire telecommunications businesses or assets even if financing for that purpose becomes available; we will face substantial competition in the telecommunications industry from competitors who have substantially greater financial resources, large product and service distribution networks, and brand recognition; the operation of licensed telecommunications frequencies is subject to government regulation; there is presently no public market for our common stock and there is no assurance that a market for our shares will develop or be sustained; and the Sarbanes Oxley Act is expected to increase our legal, accounting and administrative costs. These and other risk factors are discussed in other reports filed by us with the Securities and Exchange Commission. Many of such factors are beyond our control. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on our business or the extent to which any factor, or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results anticipated in these forward looking statements contained in this Report will in fact occur. All forward-looking statements wherever they may appear are expressly qualified in their entirety by the cautionary statements in this section. We undertake no obligation to update any such forward-looking statements.

The following is a discussion and analysis of our financial condition and results of operations for the three months and nine month periods ended March 31, 2009, and significant factors that could affect our prospective financial condition and results of operations. Historical results may not be indicative of future performance.

Overview

We were formed to engage in internet based retail sales of authentic, designer merchandise and personal accessories, including jewelry, offered at discount prices, but we do not have any inventory or a significant amount of other assets and we have not generated substantial revenues since inception.

As a result of a sale of our common stock by certain stockholder to WebSky, Inc. during March 2008, we are now a 81% owned subsidiary of WebSky. WebSky plans to change the focus of our business. We will seek to enter the wireless telecommunications business abroad by seeking opportunities in Argentina and other parts of the world.

These opportunities and efforts may include:

The acquisition of frequency spectrum in targeted emerging markets for the eventual development of wireless broadband internet (WiMAX and related) systems or for the eventual disposition of such frequency rights.

Securing radio spectrum and related licenses for the deployment and operation of wireless and wireline telecommunications operations, including, but not limited to, wireless broadband (WiMAX, community WiFi and other standards) and cellular telephony in Argentina and other nations in the Southern Hemisphere, as well as in a number of other targeted markets in South Asia and Southeast Asia.

In conjunction with strategic technological partners, further expand the development and deployment of wireless communications systems for national or local governments, in areas where we may acquire and control radio spectrum and in areas where we can partner with local spectrum licensees.

Acquiring other telecom companies in emerging market economies, in conjunction with efforts to acquire licensed broadband radio frequency spectrum in order to enhance the value of the spectrum and to support, broaden and facilitate the development those projects.

We could, in some cases, acquire the necessary rights and licenses for wireless broadband internet services, develop and deploy such services, and, together with local partners, on whom we would continue to rely to a great degree, operate a WiMAX/wireless broadband system. In other cases, the appropriate course may be determined to be the acquisition and perfection of the applications licenses and permits which would then be sold, in whole or in part, to another entity to engage in the actual operation of a system. In the latter circumstance, and even in circumstances where we have has no ownership interests in licenses or permits, our developing expertise in certain niche applications for wireless broadband systems could provide significant value-added services to third party operators of such systems.

Mobile Broadband Market

The Internet has evolved into a world-wide system and is now used daily by millions of people throughout the world for business and commerce, personal communications, education, and entertainment. The growth in Internet usage has been facilitated by DSL, cable and satellite broadband services that enable users to access the Internet at very high data speeds. However, many Internet users have access to broadband connectivity only in their homes or workplaces, where they may connect to DSL or cable systems. The development of wider mobile WiMax or other wireless broadband networks would permit broadband connectivity without the need for landline based connections. The demand for mobile broadband connectivity, through technologies such as mobile WiMax, is likely to grow as newer and more capable portable wireless devices come to the market.

Worldwide Interoperability for Microwave Access, commonly known as WiMAX, is a certification mark established by the WiMAX Forum for products that are compliant with the Institute of Electronical and Electronic Engineers (“IEEE”) 802.16 set of standards. The original 802.16 standard required equipment operating in the 10-66 GHz frequency band, which required tall transmission towers and line-of-sight connectivity. IEEE standards have been amended over the past several years, and now include the 802.16e standard for mobile WiMAX. Mobile WiMax is intended to support mobile broadband services through the use of portable devices such as mobile telephones, laptop computers, personal digital assistants (PDA), and similar portable devices. Alternatives to mobile WiMAX for the delivery of mobile broadband services include CDMA2000, UMTS (Universal Mobile Telecommunications System) and 802.20 (Mobile-Fi). Some of these technologies, such as CDMA 2000 and UMTS, have already been deployed by major wireless carriers and have achieved significant levels of market penetration.

Entering the Wireless Broadband Telecommunications Business

Our ability to enter the telecommunications field is dependent upon our ability to develop opportunities in targeted markets and to obtain financing for the acquisition of equipment, licenses, or businesses, and working capital to operate any business that we may start or acquire. Although WebSky may provide us with cash to meet our near term capital needs, WebSky has only limited financial resources and we do not consider WebSky to be a long term source of financing.

We may issue common stock, preferred stock, or other securities to acquire other companies, or interests in other companies, in the telecommunications business, or to acquire telecommunications licenses or other assets for use in our business. We may enter into one or more mergers or similar transactions with other companies that are engaged in telecommunications business or related businesses. We may sell capital stock or other securities from time to time in order to raise working capital or to finance an acquisition of assets or another telecommunications business.

Results of Operations

Three Months Ended March 31, 2009 Compared to the Three Months Ended March 31, 2008

We had no revenue for the three months ended March 31, 2009, as we discontinued our internet sales operations during the fiscal year ended June 30, 2008. We had sales of $526 during the three months ended March 31, 2008. Cost of sales during the three months ended March 31, 2008 was $290. Our general and administrative expenses for the three months ended March 31, 2009 were $6,335, reflecting a 42% decrease from $10,990 for the three months ended March 31, 2008. The largest component of our general and administrative expenses for the quarter ended March 31, 2009 was professional fee expenses.

As a result of the foregoing, we incurred a loss from operations of $6,335 for the three months ended March 31, 2009, compared to a loss from operations of $19,391 for the three months ended March 31, 2008.

Nine months Ended March 31, 2009 Compared to the Nine months Ended March 31, 2008

We had no revenue for the nine months ended March 31, 2009, as we discontinued our internet sales operations during the fiscal year ended June 30, 2008. We had sales of $2,901 during the nine months ended March 31, 2008. Cost of sales during the nine months ended March 31, 2008 was $2,362.

Our general and administrative expenses for the nine months ended March 31, 2009 were $23,079, a decrease of $25,158 or approximately 52% from our general and administrative expenses for the nine months ended March 31, 2008 of $48,237. The largest component of our general and administrative expenses for the nine months ended March 31, 2009 was professional fee expenses.

As a result of the foregoing, we incurred a loss from operations of $23,079 for the nine months ended March 31, 2009, compared to a loss from operations of $56,335 for the nine months ended March 31, 2008.

Impact of Inflation

Inflation has not had a material effect on our results of operations.

Liquidity and Capital Resources

Our unaudited financial statements appearing elsewhere in this Report have been prepared on a going concern basis that contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Management realizes that we must generate revenue or obtain sufficient capital sufficient to enable us to meet our operating expenses. To the extent we are unable to obtain generate sufficient operating revenues or obtain additional working capital, our financial statements will be materially, adversely effected.

As reflected in the unaudited financial statements appearing in this Report, we sustained a net loss of $6,335 for the three months ended March 31, 2009, and at March 31, 2009 we had an accumulated deficit of $180,335. We have only a small amount of cash on hand and our ability to continue as a going concern is dependent on our ability to raise additional capital and to further implement our new business plan.

During the period from July 21, 2005 (inception) to June 30, 2006, two of our largest non-management shareholders provided us with cash advances in the aggregate amount of $36,500, which we repaid as of March 31, 2008. Those shareholders advanced us $18,600 and $15,000, respectively, during the fiscal year ended June 30, 2008 for working capital purposes. Both of those shareholders have sold a majority of their eLuxuryHouse stock to WebSky and they have not made any additional cash advances to us. During the three months ended March 31, 2009 WebSky advanced funds to us to permit us to pay our expenses.

Our ability to enter the telecommunications field under our new business plan is dependent upon our ability to obtain financing for that purpose, including financing for the acquisition of equipment, licenses, or businesses, and working capital to operate any business that we may start or acquire. Although WebSky may provide us with cash to meet our near term capital needs, WebSky has only limited financial resources and we do not consider WebSky to be a long term source of financing.

We may issue common stock, preferred stock, or other securities to acquire other companies or interests in other companies in the telecommunications business, or to acquire telecommunications licenses or other assets for use in our business. We may enter into one or more mergers or similar transactions with other companies that are

engaged in the telecommunications business or related businesses. We may sell capital stock or other securities from time to time in order to raise working capital or to finance an acquisition of assets or another telecommunications business.

We have no off-balance sheet arrangements.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

We did not hold any market risk sensitive instruments as of March 31, 2009, March 31, 2008, or June 30, 2008.

Item 4T.

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

It is management’s responsibility to establish and maintain adequate internal control over all financial reporting pursuant to Rule 13a-15 under the Securities Exchange Act of 1934 (the “Exchange Act”) and to review and evaluate the effectiveness of our disclosure controls and procedures for the purpose of determining whether our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to management, including our Chief Executive Officer and our Treasurer, as appropriate to allow timely decisions regarding required disclosure.

Our management, including our chief executive officer and our chief financial officer, did not take office until Mach 17, 2008, when WebSky, Inc. purchased a controlling interest in us. Accordingly, the financial statements for the three and nine month periods ended March 31, 2008 included in this report were prepared based upon financial information gathered by prior management. During the last fiscal year, prior management concluded that our financial controls “were not effective at the reasonable assurance level because, due to financial constraints, the Company does not maintain a sufficient complement of personnel with an appropriate level of technical accounting knowledge, experience and training in the application of generally accepted accounting principles commensurate with our financial accounting ad reporting requirements.” After March 17, 2008, our management engaged the services of a certified public accountant to assist in the preparation of financial statements and reports.

Our management, including our chief executive officer and our chief financial officer, have reviewed and evaluated the effectiveness of our disclosure controls and procedures as of a date within ninety (90) days of the filing date of this Form 10-Q quarterly report. Current management took office on March 17, 2008. We did not conduct any material business operations during the period from March 17, 2008 through March 31, 2009.

Following management’s review and evaluation, management collectively determined that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to management, including our Chief Executive Officer and our Treasurer, as appropriate to allow timely decisions regarding required disclosure. However, we may need to implement different internal controls over financial reporting that are suitable to any new business operations that we may conduct.

Changes in Internal Control over Financial Reporting

Current management is not aware of any changes in our internal controls over financial reporting implemented during the three months ended March 31, 2009 that materially affected or that could reasonably likely materially affect our internal controls over financial reporting. However, as discussed above, current management took office on March 17, 2008 and has not evaluated the internal controls over financial reporting that were in place prior to that date, which prior management reported were “not effective”

PART II - OTHER INFORMATION

Item 6.

Exhibits


Exhibit Numbers		Description
3.1		Articles of Incorporation, as Amended†
3.2		By-Laws†
4.1		Specimen of Common Stock Certificate.†
31		Rule 13a-14(a)/15d-14(a) Certification *
32		Section 1350 Certification *

———————

†

Incorporated by reference to Registration Statement on Form SB 333-140717 filed with the Securities and Exchange Commission on February 14, 2007.

Filed herewith

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.


	eLuxuryHouse, Inc


Date: May 19, 2009	By:	/s/ DOUGLAS HAFFER
		Douglas Haffer, President (Chief Executive Officer)



Date: May 19, 2009	By:	/s/ EDUARDO AXTLE
		Eduardo Axtle Chief Financial Officer

EXHIBIT INDEX


Exhibit Numbers		Description
3.1		Articles of Incorporation, as Amended†
3.2		By-Laws†
4.1		Specimen of Common Stock Certificate.†
31		Rule 13a-14(a)/15d-14(a) Certification *
32		Section 1350 Certification *

———————

†

Incorporated by reference to Registration Statement on Form SB 333-140717 filed with the Securities and Exchange Commission on February 14, 2007.

Filed herewith

eLuxuryHouse, Inc. 10-Q