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**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION **

**FORM      10-QSB **

|   | (Mark                One) |
|--------|---------------------------|

|  | **[X]** | **QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE                ACT OF                1934** |
|--|---------|-------------------------------------------------------------------------------------------------------------------------------------------|

|  | **[_]** | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE                ACT OF                1934** |
|--|---------|--------------------------------------------------------------------------------------------------------------------------------------------|

*Commission      File No. 333-104132*

**Benacquista      Galleries, Inc. **

| Nevada                                                                        | 71-0928242                                             |
|-------------------------------------------------------------------------------|--------------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) | (I.R.S.                Employer Identification Number) |
|                                                                          |                                                   |
| 15208                Jarrettsville PikeMonkton,                Maryland       | 21111                                                  |
| (Address                of principal executive offices)                       | (Zip/Postal                Code)                       |

| [X] | YES | [                 ] | NO |
|-----|-----|--------------------------|----|

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**TABLE      OF CONTENTS **

| PART                I. | FINANCIAL                INFORMATION                                                                                                                                                                                                                        | 4      |
|------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                   |                                                                                                                                                                                                                                                        |   |
| Item                1  | Financial                Statements                                                                                                                                                                                                                         |   |
|                   |                                                                                                                                                                                                                                                        |   |
|                   | Unaudited                  Condensed Balance Sheets as of December 31, 2005 and September 30,                  2005                                                                                                                                         | 4      |
|                   |                                                                                                                                                                                                                                                        |   |
|                   | Unaudited                Condensed Statements of Operations for the Three Months Ended December                31,                2005 and  2004, and the period from January 17, 2003 (Date of                Inception) through December 31, 2005    | 5      |
|                   |                                                                                                                                                                                                                                                        |   |
|                   | Unaudited                Condensed Statements of Cash Flows for the Three Months Ended December                31,                2005 and 2004, and for the period from January 17, 2003 (Date of                Inception) through December 31, 2005 | 6      |
|                   |                                                                                                                                                                                                                                                        |   |
|                   | Notes                to Financial Statements                                                                                                                                                                                                                | 7      |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                2  | Plan                of Operation                                                                                                                                                                                                                            | 10     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                3  | Controls                and Procedures                                                                                                                                                                                                                      | 12     |
|                   |                                                                                                                                                                                                                                                        |   |
| PART                II | OTHER                INFORMATION                                                                                                                                                                                                                            | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                1  | Legal                Proceedings                                                                                                                                                                                                                            | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                2  | Changes                in Securities and Small Business Issuer Purchases of Equity                Security                                                                                                                                                  | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                3  | Defaults                Upon Senior Securities                                                                                                                                                                                                              | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                4  | Submission                of Matters to a Vote of Security Holders                                                                                                                                                                                          | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                5  | Other                Information                                                                                                                                                                                                                            | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Item                6  | Exhibits                and Reports on Form 8-K                                                                                                                                                                                                             | 13     |
|                   |                                                                                                                                                                                                                                                        |   |
| Signature              |                                                                                                                                                                                                                                                        | 14     |

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**Part      I - Financial Information**

**Item      1. Financial Statements**

**BENACQUISTA      GALLERIES, INC.**

**(A      Development Stage Enterprise)**

**CONDENSED      BALANCE SHEET**

**(UNAUDITED)**

|                                                                                                                                                             |   | **December                31,** |      | **September                30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-----------|----------------------------------|--------|
|                                                                                                                                                             |   | **2005**                        |      | **2005**                         |   |
|                                                                                                                                                             |   |                            |      |                             |   |
| **ASSETS**                                                                                                                                                       |   |
|                                                                                                                                                             |   |                            |      |                             |   |
| **Current                Assets**                                                                                                                                |   |                            |      |                             |   |
| Cash                                                                                                                                                             |   | $                               | 2,479     |                             | $      | 507 |   |
| Deposit                on books                                                                                                                                  |   |                            | 65,000    |                             |   | - |   |
| Inventory                                                                                                                                                        |   |                            | 881,702   |                             |   | 841,377 |   |
| **Total                Current Assets**                                                                                                                          |   |                            | 949,181   |                             |   | 841,884 |   |
| **Total                Assets**                                                                                                                                  |   | $                               | 949,181   |                             | $      | 841,884 |   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIT**                                                                                                   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
| **Current                Liabilities**                                                                                                                           |   |                            |      |                             |   |   |   |
| Accounts                payable                                                                                                                                  |   | $                               | 26,069    |                             | $      | 26,385 |   |
| Accrued                Interest                                                                                                                                  |   |                            | 127,965   |                             |   | 114,971 |   |
| Unearned                Income                                                                                                                                   |   |                            | 65,000    |                             |   | - |   |
| Note                Payable to Related Party                                                                                                                     |   |                            | 1,064,912 |                             |   | 1,012,127 |   |
| Total                Current Liabilities                                                                                                                         |   |                            | 1,283,946 |                             |   | 1,153,483 |   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
| **Long-Term                Liabilities**                                                                                                                         |   |                            | **-**     |                             |   | **-** |   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
| **Total                Liabilities**                                                                                                                             |   |                            | 1,283,946 |                             |   | 1,153,483 |   |
|                                                                                                                                                             |   |                            |      |                             |   |   |   |
| **Stockholders’                Deficit**                                                                                                                   |   |                            |      |                             |   |   |   |
| Common                Stock-$0.001 par value; 50,000,000 shares authorized; 10,000,000                shares                issued and outstanding, respectively |   |                            | 10,000    |                             |   | 10,000 |   |
| Additional                paid-in capital                                                                                                                        |   |                            | 96,108    |                             |   | 93,058 |   |
| Deficit                accumulated during the development stage                                                                                                  |   |                            | (440,873  | )                                |   | (414,657 | ) |
| **Total                Stockholders’ Deficit**                                                                                                             |   |                            | (334,765  | )                                |   | (311,599 | ) |
| **Total                Liabilities and Stockholders’ Deficit**                                                                                             |   | $                               | 949,181   |                             | $      | 841,884 |   |

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**BENACQUISTA      GALLERIES, INC.**

**(A      Development Stage Enterprise)**

**CONDENSED      STATEMENTS OF OPERATIONS**

**UNAUDITED**

|                                                              |       | For                The Three                Months Ended |       | CumulativeJanuary                17, 2003(Date                of Inception) through |       |
|-------------------------------------------------------------------|------------|----------------------------------------------------------|------------|-------------------------------------------------------------------------------------|------------|
|                                                              |       | December                31, 2005                         |       | December                31, 2004                                                    |       | December                31, 2005 |   |
|                                                              |       |                                                     |       |                                                                                |       |   |   |
| Revenue                                                           |       | $                                                        | **-**      |                                                                                | $          | **-** | ** ** | $ | 136,000 | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Cost                of Goods Sold                                 | ** ** | ** **                                               | **-**      | ** **                                                                          | ** ** | **-** | ** ** | ** ** | 126,750 | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Gross                Margin                                       | ** ** | ** **                                               | **-**      | ** **                                                                          | ** ** | **-** | ** ** | ** ** | 9,250 | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| General                and administrative expense                 | ** ** | ** **                                               | (4,258     | )                                                                                   |       | (9,793 | ) |   | (162,405 | ) |
| Advertising                expense                                | ** ** | ** **                                               | (8,963     | )                                                                                   |       | - |   |   | (159,753 | ) |
| Interest                expense                                   | ** ** | ** **                                               | (12,995    | )                                                                                   |       | (10,777 | ) |   | (127,965 | ) |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Net                Loss                                           | ** ** | $                                                        | (26,216    | )                                                                                   | $          | (20,570 | ) | $ | (440,873 | ) |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Basic                and Diluted Loss per Share                   | ** ** | $                                                        | (0.003     | )                                                                                   | $          | (0.002 | ) | ** ** | ** ** | ** ** |
| ** **                                                        | ** ** | ** **                                               | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Weighted Average                Number of Shares Outstanding | ** ** | ** **                                               | 10,000,000 |                                                                                |       | 10,000,000 | ** ** |   |   |   |

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|                                                                                                  |       | For                The Three Months Ended |       | CumulativeJanuary                17, 2003(Date                of Inception) through |       |
|-------------------------------------------------------------------------------------------------------|------------|-------------------------------------------|------------|-------------------------------------------------------------------------------------|------------|
|                                                                                                  |       | December                31, 2005          |       | December                31, 2004                                                    |       | December                31, 2005 |   |
| **Cash                Flows From Operating Activities**                                               |       |                                      |       |                                                                                |       |   |   |
| Net                Loss                                                                               |       | $                                         | (26,216    | )                                                                                   | $          | (20,570 | ) | $ | (440,873 | ) |
| Changes                in operating assets and liabilities:                                           |       |                                      |       |                                                                                |       |   |   |   |   |   |
| Noncash                advertising expense                                                            |       |                                      | -          |                                                                                |       | - |   |   | 150,000 |   |
| Inventory                                                                                             |       |                                      | (40,325    | )                                                                                   |       | - |   |   | (19,575 | ) |
| Deposit                on books                                                                       |       |                                      | (65,000    | )                                                                                   |       | - |   |   | (65,000 | ) |
| Accounts                payable                                                                       |       |                                      | (316       | )                                                                                   |       | (713 | ) |   | 26,070 |   |
| Unearned                Income                                                                        |       |                                      | 65,000     |                                                                                |       | - |   |   | 65,000 |   |
| Accrued                interest                                                                       | ** ** | ** **                                | 12,995     |                                                                                |       | 10,777 |   |   | 127,965 | ** ** |
| ** **                                                                                            | ** ** | ** **                                | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Net                Cash Used In Operating Activities                                        | ** ** | ** **                                | (53,862    | )                                                                                   |       | (10,506 | ) |   | (156,413 | ) |
| ** **                                                                                            | ** ** | ** **                                | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                            | ** ** | ** **                                | ** ** | ** **                                                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **Cash                Flows From Investing Activities**                                               |       |                                      | -          |                                                                                |       | - |   |   | - |   |
|                                                                                                  |       |                                      |       |                                                                                |       |   |   |   |   |   |
| **Cash                Flows From Financing Activities**                                               |       |                                      |       |                                                                                |       |   |   |   |   |   |
| Capital                contributions from majority shareholder                                        |       |                                      | 3,050      |                                                                                |       | - |   |   | 96,108 |   |
| Loan                from majority shareholder                                                         |       |                                      | 52,784     |                                                                                |       | - |   |   | 52,784 |   |
| Sale                of common stock                                                                   |       |                                      | -          |                                                                                |       | - |   |   | 10,000 |   |
| Net                Cash Provided By Financing Activities                                              |       |                                      | 55,834     |                                                                                |       | - |   |   | 158,892 |   |
|                                                                                                  |       |                                      |       |                                                                                |       |   |   |   |   |   |
| Net                Change In Cash                                                                     |       |                                      | 1,972      |                                                                                |       | (10,506 | ) |   | 2,479 |   |
| Cash                at Beginning of Year                                                              |       |                                      | 507        |                                                                                |       | 30,302 |   |   | - |   |
|                                                                                                  |       |                                      |       |                                                                                |       |   |   |   |   |   |
| Cash                at End of Period                                                                  |       | $                                         | 2,479      |                                                                                | $          | 19,796 |   | $ | 2,479 |   |
|                                                                                                  |       |                                      |       |                                                                                |       |   |   |   |   |   |
|                                                                                                  |       |                                      |       |                                                                                |       |   |   |   |   |   |
| **Non-Cash                Transactions**                                                              |       |                                      |       |                                                                                |       |   |   |   |   |   |
| Acquisition                of Inventory by issuance of a note payable to related                party |       |                                      | -          |                                                                                |       | - |   |   | 862,127 |   |
| Acquisition                of website by issuance of a note                payable to related party   |       |                                      | -          |                                                                                |       | - |   |   | 150,000 |   |
|                                                                                                  | ** ** | **$**                                     | **-**      | ** **                                                                          | ** ** | **-** | ** ** | $ | 1,012,127 |   |

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**BENACQUISTA      GALLERIES, INC.**

**(A      Development Stage Enterprise)**

**NOTES      TO UNAUDITED, CONDENSED FINANCIAL STATEMENTS**

**December      31, 2005**

**NOTE      1 - NATURE OF BUSINESS**

***Organization      and Nature of Operations —***

***Interim      Financial Information***
**      -**

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

***Business      Condition***

***Net      Income (Loss) Per Share-Basic and Diluted***

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**BENACQUISTA      GALLERIES, INC.**

**(A      Development Stage Enterprise)**

**NOTES      TO UNAUDITED, CONDENSED FINANCIAL STATEMENTS**

**December      31, 2005**

**NOTE      3 **
**INVENTORY**

***Value***

***Composition***

**NOTE      4 **
**UNEARNED      REVENUE**

**NOTE      5 **
**STOCKHOLDERS’      EQUITY AND WARRANTS**

***Common      Stock***

***Additional      Paid-in Capital***

***Warrant***

|                                             |   |         |      | **Weighted-Average                Exercise** |   | **Weighted-Average                Remaining** |   |
|--------------------------------------------------|--------|--------------|-----------|----------------------------------------------|--------|-----------------------------------------------|--------|
| **Fixed                Warrants**                |   | **Warrants** |      | **Price**                                    |   | **Contractual                Life**           |   |
| Outstanding                at September 30, 2005 |   |         | 1,000,000 |                                         | $      | 1.00                                          |   |   | .34                years |   |
|                                             |   |         |      |                                         |   |                                          |   |   |   |   |
| Issuances                                        |   |         | —   |                                         |   | —                                       |   |   |   |   |
| Outstanding                at December 31, 2005  |   |         | 1,000,000 |                                         | $      | 1.00                                          |   |   | .08                years |   |

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**BENACQUISTA      GALLERIES, INC.**

**(A      Development Stage Enterprise)**

**NOTES      TO UNAUDITED, CONDENSED FINANCIAL STATEMENTS**

**December      31, 2005**

**NOTE      6 - RELATED PARTY TRANSACTIONS**

**NOTE      7 - SUBSEQUENT EVENTS**

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**Item      2. Plan of Operation**

**Plan      of Operation**

|  | · | Relationships                with several artists for exclusive artwork offerings through Benacquista                Galleries; |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------|

|  | · | Publication                and Sales of the Farmacist’s Desk Reference |
|--|--------|------------------------------------------------------------------------------|

|  | · | At                least one gallery opening in a strategic                location; |
|--|--------|-------------------------------------------------------------------------------------|

|  | · | Sales                of additional educational products created by Don Tolman and related                to                various educational topics including art                education |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | A                sales and marketing capability sufficient to handle all website inquiries                and gallery traffic. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------|

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**Sales      and marketing. **

**General      and administrative.**

**Financial      Condition **

**Liquidity      and capital resources **

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**Cash      requirements **

**Research      and development **

**Plant      and equipment **

**Employees      **

**ITEM      3. Controls and Procedures**

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**Part      II**

**OTHER      INFORMATION**

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

| **Item              2.** | **Changes                in Securities and Small Business Issuer Purchases of Equity Securities****Recent                Sales of Unregistered                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** |
|--------------------------|-----------------------------------------------------|

| List                of Exhibits |                                                                                                                                                                                                                              |
|---------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                             | Articles                of Incorporation of registrant as filed previously with the Commission                on                Form SB-2, dated April 12, 2002.                                                                  |
| 3.2                             | Bylaws                of registrant as filed previously with the Commission on Form SB-2,                dated                April 12, 2002.                                                                                     |
| 31.1                            | Certification                of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley                Act                of 2002                                                                                       |
| 32.1                            | Certification                of the Company’s Chief Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002 |

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**SIGNATURE      **

** **

| Benacquista                Galleries, Inc */s/                James                Price                                         **James                Price**Chief                Executive Officer**(Duly                Authorized Officer and Principal**Financial                and Accounting Officer)*  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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