UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C.
20549 FORM 10-K (MARK ONE) [X] ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGEACT OF
1934 For the fiscal year
ended June 30, 2009 [ ] TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF
1934 For the transition
period from to. Commission file number:
333-145743 BONFIRE PRODUCTIONS,
INC.(Name of Registrant in its charter)    Nevada
                                       75-3260546-------------------------------
            ------------------------------------(State
or other jurisdiction of
            (I.R.S.
Employer Identification No.)incorporation or organization)  6302 Mesedge DriveColorado Springs,
CO 80919(Address of principal executive offices) (719)598-2469Registrant's
telephone number Securities
registered under Section 12(b) of the Exchange Act:  Name
of each exchange on whichTitle of each class
                       registered      None
                                  None  Securities
registered under Section 12(g) of the Exchange Act: None(Title of Class)Indicate by check mark if
the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.  [  ] Yes     [X] No Indicate by check
mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Exchange Act [  ] Yes     [X]
No     Indicate by check mark whether
the registrant (1) filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 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[
] Indicate by check mark whether
the registrant has submitted electronically and posted on its corporate Website,
if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
 [  ] Yes     [X] No (Not required by smaller
reporting companies) Indicate by check mark if
disclosure of delinquent filers in response to Item 405 of Regulation S-K
contained is not contained herein, and will not be contained, to the best of
registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X] 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
[  ]
(Do not check if a smaller
reporting company)
Smaller reporting
company
[x] Indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes [ X] No [] State issuer's revenues for its
most recent fiscal year: Nil State the aggregate market value
of the voting and non-voting common equity held by non-affiliates computed by
reference to the price at which the common equity was sold, or the average bid
and asked price of such common equity, as of a specified date within the past 60
days. (See definition of affiliate in Rule 12b-2 of the Exchange Act.) $4,204,664 State the number of shares
outstanding of each of the issuer's classes of common equity, as of the latest
practicable date. 65,033,320 shares of common
stock at December 1, 2009 Documents incorporated by
reference: None     TABLE OF
CONTENTS Table
of Contents PART
I 4 ITEM
1: BUSINESS 4 ITEM
1A  RISK FACTORS 4 ITEM
1B.  UNRESOLVED STAFF COMMENTS 7 ITEM
2: PROPERTIES 7 ITEM
3: LEGAL PROCEEDINGS 7 ITEM
4: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 7 PART
II 7 ITEM
5: MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES7 ITEM
6.  SLECTED FINANCIAL DATA 8 ITEM
7: MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION 8 ITEM
7A.  QUANTITTIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 9 ITEM
8: FINANCIAL STATEMENTS 9 ITEM
9: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE 9 ITEM
9A: CONTROLS AND PROCEDURES 20 ITEM
9B: OTHER INFORMATION 20 PART
III 21 ITEM
10: DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE 21 GOVERNANCE 21 ITEM
11: EXECUTIVE COMPENSATION 22 ITEM
12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS24 ITEM
13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE 24 PARTI
IV 26 ITEM
15: EXHIBITS, FINANCIAL STATEMENT SCHEDULES 26         PART I  ITEM 1: BUSINESS SPECIAL NOTE ON
FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K
contains forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act, that are based on the
beliefs of our management as well as assumptions made by and information
currently available to us. When we use the words "believe," "plan," "will likely
result," "expect," "intend," "will continue," "is anticipated," "estimate,"
"project," "may," "could," "would," "should," and similar expressions in this
Form 10-K as they relate to us or our management, we are intending to identify
forward-looking information statements. These statements reflect our current
views with respect to expected future plans, initiatives, operating conditions
and other potential events and are subject to certain risks, assumptions, and
uncertainties. The statements contained herein that are not purely historical
are forward-looking statements including without limitation statements regarding
our expectations, beliefs, intentions or strategies regarding the future. Such
statements include information contained in this Form 10-K regarding pending
legal proceedings and the results thereof as well as any statements regarding
our future product development, governmental or other regulatory approval
prospects and related matters. All forward-looking statements included in this
document or incorporated by reference herein are based on information available
to us on the date hereof, and we assume no obligation to update any such
forward-looking statements. Our actual results could differ materially from
those anticipated in these forward-looking statements as a result of certain
factors, including those set forth in "Risk Factors" below. Business Overview GeneralWe were
incorporated in the State of Nevada on August 25, 2006. We have commenced
operations by launching a website and sourcing content for our first audio
recordings. We are a start-up stage corporation with limited operations and no
revenues to date from our business operations. For the period ended June 30,
2009 we generated no revenue. Our business office is located at 6302 Mesedge
Drive, Colorado Springs, CO 80919, 719-598-2469. Industry Overview Our Services We hoped to market and sell
online multicultural children's content in audio format. Our objective was to
become a provider of folk stories, fairy tales and traditional stories from
around the world. We planned to acquire rights to content, subject to financing,
in either the original language or a translated-to-English version and produce
audio and video recordings that will be sold in the popular MP3 format online or
on CDs and DVDs. We are now in the business of
pursuing an outside merger candidate with an ongoing business venture.  Employees We have no employees as of the
date of this report other than our one director. Research and Development
Expenditures We have not incurred any other
research or development expenditures since our incorporation. Subsidiaries We do not have any
subsidiaries. Patents and
Trademarks We have applied for a U.S.
trademark for "Bonfire Tales" with the U.S. Trademark and Patent Office. The
serial number for the application is 77241986. The USPTO has issued on July 1,
2008, a "Notice of Allowance" in regard to the use of our trade mark.  ITEM 1ARISK
FACTORS In addition to the other
information in this annual report, the following factors should be carefully
considered in evaluating our business and prospects:   COMPANY RISK FACTORS 1. There is substantial
uncertainty as to whether we will continue operations. If we discontinue
operations, you could lose your investment.   Our
auditors have discussed their uncertainty regarding our business operations in
their audit report dated December 2, 2009. This means that there is substantial
doubt that we can continue as an ongoing business for the next 12 months. The
financial statements do not include any adjustments that might result from the
uncertainty about our ability to continue in business. As such, we may have to
cease operations and you could lose your entire investment. 2. We lack an operating history
and have losses which we expect to continue into the future. There is no
assurance our future operations will result in profitable revenues. If we cannot
develop an established merger, our business will fail. We were incorporated on August
25, 2006 and we have not realized any revenues. We have very little operating
history upon which an evaluation of our future success or failure can be made.
Our net loss since inception on August 25, 2006 to June 30, 2009 is
$127,888. Based upon current plans, we
expect to incur operating losses in future periods because we will be incurring
expenses and not generating revenues. We cannot guarantee that we will be
successful in generating revenues in the future. Failure to generate revenues
will cause us to go out of business. 3. Our future success is
dependent on our existing management team and hiring and assimilating new key
employees, and our inability to attract or retain key personnel in the future
would materially harm our business and results of operations. Our future success depends on
the continuing efforts and abilities of our current management team. In
addition, our future success will depend, in part, on our ability to attract and
retain highly skilled employees, including management, technical and sales
personnel. The loss of services of any of our key personnel, the inability to
attract or retain key personnel in the future, or delays in hiring required
personnel could materially harm our business and results of operations. We may
be unable to identify and attract highly qualified employees in the future. In
addition, we may not be able to successfully assimilate these employees or hire
qualified personnel to replace them. 4. Our operating results may
prove unpredictable which could negatively affect our operating results. Our operating results are likely
to fluctuate significantly in the future due to a variety of factors, many of
which are outside of our control. Factors that may cause our operating results
to fluctuate significantly include the following: o our ability to generate enough
working capital from future equity sales; o the amount and timing of
operating costs and capital expenditures relating to expansion of our business,
operations and infrastructure; and o general economic
conditions If realized, any of these risks
could have a material adverse effect on our business, financial condition and
operating results. 5. Our directors do not have
experience in the recording industry, or brand development and marketing of
products. As a result, we may not be able to recognize and take advantage of
opportunities without the aid of qualified marketing and business development
consultants. Our directors' decisions and choices may not be well thought out
and our operations, earnings and ultimate financial success may suffer
irreparable harm as a result. 6. Because
we are small and do not have much capital, we must limit our efforts in
marketing of our services and products. If we do not make a profit or find a
merger candidate, we may have to suspend or cease operations. Because we are small and do not
have much capital, we must limit our efforts.  7. We do not intend to pay
dividends and there will be less ways in which you can make a gain on any
investment in Bonfire Productions. We have never paid any cash
dividends and currently do not intend to pay any dividends for the foreseeable
future. To the extent that we require additional funding currently not provided
for in our financing plan, our funding sources may likely prohibit the payment
of a dividend. Because we do not intend to declare dividends, any gain on an
investment in Bonfire Productions will need to come through appreciation of the
stock's price. 8. Because
our directors own 53.82 % of our outstanding common stock, he could make and
control corporate decisions that may be disadvantageous to other minority
shareholders. Our President and director, Tim
DeHerrera and past directors Richard Luthmann and P James Voloshin, own a
combined 53.82% of the outstanding shares of our common stock as of the date of
this report. Accordingly, they have a significant influence in determining the
outcome of all corporate transactions or other matters, including mergers,
consolidations, and the sale of all or substantially all of our assets. They
also have the power to prevent or cause a change in control. The interests of
our past director may differ from the interests of the other stockholders and
thus result in corporate decisions that are disadvantageous to other
shareholders.    RISK
FACTORS RELATING TO OUR COMMON STOCK 9. If a market for our common
stock does not develop, shareholders may be unable to sell their shares. Our common stock is currently
traded on the FINRA over the counter bulletin board. However, we can provide
investors with no assurance that a liquid public market for our shares will
materialize. If no market is ever developed for our shares, it will be difficult
for shareholders to sell their stock. In such a case, shareholders may find that
they are unable to achieve benefits from their investment. 10. If a market for our
common stock develops, our stock prices may be volatile. If a market for our common stock
develops, we anticipate that the market price of our common stock will be
subject to wide fluctuations in response to several factors, including: (1) actual or anticipated
variations in our results of operations;(2) our ability or inability to
generate new revenues;(3) increased competition; and(4) conditions and
trends in the audio recording and publishing industry. Further our common stock price
may be impacted by factors that are unrelated or disproportionate to our
operating performance. These market fluctuations, as well as general economic,
political and market conditions, such as recessions, interest rates or
international currency fluctuations may adversely affect the market price of our
common stock. 11. Penny stock regulations may
impose certain restrictions on marketability of our stock. The Securities and Exchange
Commission has adopted regulations which generally define a "penny stock" to be
any equity security that has a market price (as defined) of less than $5.00 per
share, subject to certain exceptions. As a result, our common stock is subject
to rules that impose additional sales practice requirements on broker-dealers
who sell such securities to persons other than established customers and
accredited investors (generally those with assets in excess of $1,000,000 or
annual income exceeding $200,000, or $300,000 with their spouse). For
transactions covered by these rules, the broker-dealer must make a special
suitability determination for the purchase of such securities and have received
the purchaser's written consent to the transaction prior to the purchase.
Additionally, for any transaction involving a penny stock, unless exempt, the
rules require delivery, prior to the transaction, of a risk disclosure document
mandated by the Commission relating to the penny stock market. The broker-dealer
must also disclose the commission payable to both the broker-dealer and the
registered representative, current quotations for the securities and, if the
broker-dealer is the sole market maker, the broker-dealer must disclose this
fact and the broker-dealers presumed control over the market. Finally, monthly
statements must be sent disclosing recent price information for the penny stock
held in the account and information on the limited market in penny stocks.
Consequently, the "penny stock" rules may restrict the ability of broker-dealers
to sell the Company's securities and may affect the ability of purchasers to
sell the Company's securities in the secondary market and the price at which
such purchasers can sell any such securities.  12. We may be exposed to potential risks resulting from
new requirements under Section 404 of the Sarbanes-Oxley Act of 2002.  In June 2003, the United States Securities and Exchange
Commission (SEC) adopted final rules under Section 404 of the Sarbanes-Oxley
Act of 2002 (Section 404) , as amended by SEC Release No. 33-8934 on June 26,
2008.  Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002,
we will be required, commencing with our annual report for the fiscal year
ending October 31, 2010, to include in our annual report our assessment of the
effectiveness of our internal control over financial reporting as of the end of
fiscal year 2010.  The internal control report must include a
statement * Of
management's responsibility for establishing and maintaining adequate internal
control over our financial reporting; * Of
management's assessment of the effectiveness of our internal control over
financial reporting as of year end; * Of the
framework used by management to evaluate the effectiveness of our internal
control over financial reporting; and * that our
independent accounting firm has issued an attestation report on management's
assessment of our internal control over financial reporting, which report is
also required to be filed. Furthermore, our independent registered
public accounting firm will be required to attest to whether our assessment of
the effectiveness of our internal control over financial reporting is fairly
stated in all material respects and separately report on whether it believes we
have maintained, in all material respects, effective internal control over
financial reporting as of October 31, 2010.  We have not yet
completed our assessment of the effectiveness of our internal control over
financial reporting.  We expect to incur additional expenses and
diversion of management's time as a result of performing the system and process
evaluation, testing and remediation required in order to comply with the
management certification and auditor attestation requirements.  We do not have a sufficient number of
employees to segregate responsibilities and may be unable to afford increasing
our staff or engaging outside consultants or professionals to overcome our lack
of employees. During the course of our testing, we may identify other
deficiencies that we may not be able to remediate in time to meet the deadline
imposed by the Sarbanes-Oxley Act for compliance with the requirements of   Section
404.  In addition, if we fail to achieve and maintain the adequacy of
our internal controls, as such standards are modified, supplemented or amended
from time to time, we may not be able to ensure that we can conclude on an
ongoing basis that we have effective internal controls over financial reporting
in accordance with Section 404 of the Sarbanes-Oxley Act.  Moreover,
effective internal controls, particularly those related to revenue recognition,
are necessary for us to produce reliable financial reports and are important to
help prevent financial fraud.  If we cannot provide reliable financial
reports or prevent fraud, our business and operating results could be harmed,
investors could lose confidence in our reported financial information, and the
trading price of our common stock, if a market ever develops, could drop
significantly.  ITEM 1B.  UNRESOLVED
STAFF COMMENTS None.  ITEM 2: PROPERTIES Our business office is located
at 6302 Mesedge Drive, Colorado Springs, Co
80919; we do not have a lease agreement and share a small office at this
location.  ITEM 3: LEGAL
PROCEEDINGS   On May 1, 2009,, the Christian Samuels Group filed a
lawsuit in the Dallas District Court DC-09-05496-G, alleging the Company and its
executives did not perform on the delivery of share ownership to the Christian
Samuels investors and other issues towards the other parties named in the suit.
 On July 15, 2009, the Company filed a counter-claim against the Christian
Samuels Group and other parties alleging that they had not preformed in funding
the Company pursuant to a stock purchase agreement.  On May 4, 2009, the Company filed an action against
several Christian Samuels Group investors and other individuals in the District
Court, Clark County, Nevada, case number A589507.  The suit alleges that
shares of the company were inadvertently delivered to Christian Samuel investors
and demanding payment for such shares.  The parties have reached a settlement agreement as of the
date of this filing but have not finalized and settled the cases.  The
Company does not believe these lawsuits or their respective settlements will
have a material impact on the Companys financial statements  ITEM 4: SUBMISSION OF MATTERS
TO A VOTE OF SECURITY HOLDERS No matter was submitted during
the fourth quarter of our fiscal year to a vote of security holders, through the
solicitation of proxies or otherwise.  PART II  ITEM 5: MARKET FOR
REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES Market Information Our shares of common stock
commenced quotation on the OTC Bulletin Board under the symbol BNFR on January
7, 2008. For the periods indicated, the
following table presents the range of high and low bid quotations for the common
stock as reported by the OTC Bulletin Board for the respective market on which
our common stock was listed during the quarter being
reported. Prices below reflect inter-dealer prices, without retail write-up,
write-down or commission and may not represent actual transactions.  2009

High

LowFirst
Quarter

$
    0.25

$
    0.02Second
Quarter

$
    0.25

$
    0.02Third
Quarter

$
    0.25

$
    0.02Fourth

$
    0.25

$
    0.232008

High

LowThird Quarter (from 1/7/08)Fourth Quarter        We have 54 shareholders of
record as at the date of this annual report. Dividends There are no restrictions in our
articles of incorporation or bylaws that prevent us from declaring dividends.
The Nevada Revised Statutes, however, do prohibit us from declaring dividends
where, after giving effect to the distribution of the dividend: 1. we would not be able to pay
our debts as they become due in the usual course of business; or 2. our total assets would be
less than the sum of our total liabilities plus the amount that would be needed
to satisfy the rights of shareholders who have preferential rights superior to
those receiving the distribution. We have not declared any
dividends, and we do not plan to declare any dividends in the foreseeable
future.  ITEM 6.  SLECTED
FINANCIAL DATA Not required for smaller
reporting companies.  ITEM 7: MANAGEMENT'S
DISCUSSION AND ANALYSIS AND PLAN OF OPERATION FORWARD LOOKING
STATEMENTS GENERAL The following discussion and
analysis should be read in conjunction with our financial statements and related
footnotes for the year ended June 30, 2009 elsewhere in this Annual Report on
Form 10-K. The discussion of results, causes and trends should not be construed
to imply any conclusion that such results or trends will necessarily continue in
the future. We were incorporated in the State of Nevada on
August 25, 2006. We have commenced operations by recording and publishing on our
website our first four collections of children's stories from around the
world. For the next twelve months we
anticipate seeking potential merger partners who have an ongoing business. To June 30, 2009, the Company
has funded its initial operations through the issuance of 6,503,332 shares of
capital stock for proceeds of $48,550 and loans from directors and related
parties in the total amount of $63,018. The outstanding loan payables are
unsecured, carry zero interest and are payable on demand. We anticipate that additional
funding will be required in the form of equity financing from the sale of our
common stock. However, at his time, we cannot provide investors with any
assurance that we will be able to raise sufficient funding from the sale of our
common stock, or through loans from our directors, to fund our operations,
marketing plan and to meet our obligations over the next twelve months. We do
not have any arrangements in place for any future equity financing. Results of Operations for the
Year Ended June 30, 2009, and for the period from August 25, 2006 (Inception) to
June 30, 2009. We did not earn any revenues
during the year ended June 30, 2009, and during the period from August 25, 2006
(Inception) to June 30, 2009. During the year ended June 30,
2009, we incurred operating expenses in the amount of $46,142 (June 30, 2008:
$71,535). As of June 30, 2009, we recorded
and published on the Companys website our first four collections of children's
stories from around the world.  This website is no longer in use. During the period ended June 30,
2009, the former President of the Company provided a $1,900 loan to the Company.
The loan payable is unsecured, bears interest at 6.45% per annum, and has been
paid in full. As at June 30, 2009, the Company
had assets totaling $459, and liabilities totaling $27,042 for a working capital
deficiency of $26,583. On September 14, 2007, the
Company's Registration Statement on the Form SB-2 became effective. To date the
Company issued 3,003,332 shares of common stock at $0.015 per share for cash
proceeds of $45,050 pursuant to this Registration Statement. We have not generated any
revenue since inception and are dependent upon obtaining financing to pursue
recording, marketing and distribution activities. For these reasons, our
auditors believe that there is substantial doubt that we will be able to
continue as a going concern.    ITEM
7A.  QUANTITTIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not required by smaller
reporting companies.  ITEM 8: FINANCIAL
STATEMENTS        BONFIRE
PRODUCTIONS, INC. (A Development
Stage Company) FINANCIAL
STATEMENTS June 30, 2009  BALANCE SHEETS STATEMENTS OF
OPERATIONS STATEMENTS OF CASH
FLOWS STATEMENT OF STOCKHOLDERS'
EQUITY NOTES TO FINANCIAL
STATEMENTS   SEALE
AND BEERS, CPAs PCAOB &
CPAB REGISTERED AUDITORS www.sealebeers.com   REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM   To
the Board of Directors Bonfire Productions, Inc. (A
Development Stage Company)  We have
audited the accompanying balance sheets of Bonfire Productions, Inc. (A
Development Stage Company) as of June 30, 2009 and 2008, and the related
statements of operations, stockholders equity (deficit) and cash flows for the
years ended June 30, 2009, 2008 and since inception on August 25, 2006 through
June 30, 2009. These financial statements are the responsibility of the
Companys management.  Our responsibility is to express an opinion on these
financial statements based on our audits.  We
conduct our audits in accordance with standards of the Public Company Accounting
Oversight Board (United States).  Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements.  An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation.  We believe that
our audits provide a reasonable basis for our opinion.  In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Bonfire Productions, Inc. (A
Development Stage Company) as of June 30, 2009 and 2008, and the related
statements of operations, stockholders equity (deficit) and cash flows for the
years ended June 30, 2009 2008 and since inception on August 25, 2006 through
June 30, 2009, in conformity with accounting principles generally accepted in
the United States of America.  The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern.  As discussed in Note 1 to the financial
statements, the Company has an accumulated deficit of $127,888, working capital
deficiency of $(26,583) since inception, which raises substantial doubt about
its ability to continue as a going concern.  Managements plans concerning
these matters are also described in Note 1.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.   /s/ Seale and Beers, CPAs  Seale
and Beers, CPAs Las
Vegas, Nevada December 2, 2009   50
S. Jones Blvd. Suite 202 Las Vegas, NV 89107 Phone: (888)727-8251 Fax:
(888)782-2351    June
30,           June
30,                                                                                  2009
              2008                                                                                  ----
              ----                                                                                (Audited)
         (Audited)                                    ASSETS                                    ------  Current
assets      Cash
                                                                 $
          459
   $
           410      Prepaid
expenses
                                                                                      31                                                                               ------------
       -------------      Total
current assets
                                                             459
                441  Other
assets  Equipment,
net
                                                                                     1,852      Security
deposit
                                                                                     200                                                                               ------------
       -------------  Total
Assets
                                                             $
          459
    $
        2,493                                                                               ============
       =============                      LIABILITIES
& STOCKHOLDERS'
EQUITY                      ----------------------------------Current
liabilities  Accounts payable and accrued liabilities
                                  $
       5,792      $
       6,312  Due to related
parties
                                                                                 2,745  Loan
payable - related parties
                                                    21,250
             26,632                                                                               ------------
       ------------        Total
current liabilities
                                                   27,042
             35,689Total
Liabilities
                                                                   27,042
             35,689                                                                               ------------
       ------------Stockholders'
EquityCapital stock      75,000,000 shares
authorized, $0.001 par value      65,033,320
shares issued and outstanding      (June 30,
2008 - 65,033,320)
                                                   65,033
             65,033Additional
paid in capital
                                                           36,272
        (    16,483) Deficit
accumulated during the development stage
                               (
   127,888)        (
   81,746)                                                                               -------------
       ------------Total Stockholders'
Equity
                                                     (
    26,583)        (
   33,196)                                                                               -------------
       ------------Total Liabilities and
Stockholders' Equity
                                  $
          459
        $
    2,493                                                                               =============
       ============  The accompanying notes are an
integral part of these financial statements   BONFIRE
PRODUCTIONS, INC.(A Development Stage Company)STATEMENTS OF
OPERATIONS  Year
              Year
           August 25,
2006 Ended
             ended
            (Inception)
through June
30,          June 30,
               June
30, 2009
              2008
                   2009 ----
              ----
                   ----   Net
Income
                                       $
         -
      $
         -
            $
         - ------------
      ------------
            ------------  Expenses: Amortization
                                  $
                 $
        76
            $
        76 Audio
production
                                                       14,500
                  14,500 Professional/Legal
Fees
                             15,792
                                     15,792 General
and Administrative
                          30,014
            55,856
                  90,052 ------------
      ------------
            ------------ 45,806
            70,432
                 126,420 ------------
      ------------
            ------------ Loss
from operations
                              (
   45,806)       (
   70,432)
           (
   126,420) Other
income (expense) Interest
expense
                               (
      336)       (
    1,103)
           (
     1,468) ------------
      ------------
            ------------ Income
(loss) before provision for income tax      (
   46,142)       (
   71,535)
           (
   127,888) Provision
for income tax
                                    -
                 -
                       - ------------
      ------------
            ------------  Net
income (loss)
                                $(
   46,142)      $(
   71,535)
           (
   127,888) ============
      ============
            ============ Loss
per share
                                   $(
     0.00)      $(
     0.00)
           (
      0.00) ============
      ============
            ============ Weighted
average number of common shares
outstanding
                                 65,033,320
        55,992,796
              65,033,320 ============
      ============
            ============  The accompanying notes are an
integral part of these financial statements   BONFIRE
PRODUCTIONS, INC.(A Development Stage Company)STATEMENTS OF
CASH FLOWS  Year
               Year
           August 25,
2006 Ended
              ended
        (Inception) through June
30, 2009       June 30, 2008
       June 30, 2009 -------------
      -------------
       -------------  Operating
Activities:  Net
income (loss)
                                     $(
    46,142)       $(
  81,746)          $(
127,888) Adjustment
to reconcile net income to net cash
provided by (used for) operating activities: Amortization
                                                                      76
                  76 Prepaid
expenses
                                              31
         (
      31)
                  - Security
deposit
                                             200
         (
     200)
                  - Accounts
payable and accrued  liabilities
            (
      520)
                94
               5,792 -----------
         ----------
          ---------- Net
cash provided by (used for) operating
 activities
                             (
   46,431)         (
  70,837)          (
 122,020) -----------
         ----------
          ---------- Investing
 Activities Purchase
of fixed assets
                             (
         )
        (    1,929)
         (
   1,929) Disposition
of fixed assets
                                1,852
                                   1,852 -----------
         ----------
          ---------- Net
cash provided by (used for) investing
activities
                                    1,852
         (    1,929)
         (
      77) -----------
         ----------
          ----------- Financing
Activities: Contributions
from related party
                          52,755
             12,362
              81,215 Accounts
payable related parties
                     (
    8,127)
                 -
          (
   8,127) Proceeds
from issuance of common stock
                                        45,050
              48,550 -----------
         ----------
          ----------- Net
cash provided by (used for) financing
activities
                                   52,755
             56,653
              94,741 -----------
         ----------
          ----------- Net
Increase (Decrease) In Cash
                                    49
         (   16,113)
                459  Cash
At The Beginning Of The Period
                               410
             16,523
                   - -----------
         ----------
          ----------- Cash
(Bank Indebtedness) At The End Of
The Period
                                            $
       459
        $
      410
         $
      459 ===========
         ==========
          ===========  Non-Cash
Investing And Financing Activities -------------------------------------------------------   None
                                               $
        -
        $
        -
         $
         - ===========
         ==========
          ===========  Supplemental
Disclosure ----------------------- Cash
paid for: Interest
                                          $
         -
        $
        -
         $
         - ===========
         ==========
          =========== Income
Taxes
                                      $
         -
        $
        -
         $
         - ===========
         ==========
          ===========   The accompanying notes are an
integral part of these financial statements   Deficit                                                                                               Accumulated                                                                                               During
the                                                          Common
Shares         Paid In
       Development                                                          -------------                                                       Number
    Par Value     Capital
       Stage
          Total                                                       ------
    ---------     -------
       -----
          -----Balances,
August 25, 2006
                                    -
  $        -  $
       -   $
            - $
           -Issued
for cash: Common stock December, 2006 - at $0.001
             35,000,000
      35,000   (   31,500)
              -
         3,500Net gain (loss)
for the period ended June 30, 2007
           -
          -
            -
    (    10,211)    (
   10,211)                                                    ----------
  ----------   ----------
    ------------
    -----------Balances, June 30, 2007
                             35,000,000
      35,000   (   31,500)
   (    10,211)    (
    6,711)Issued for cash:Common stock
October/November, 2007 - at $0.001      30,033,320
      30,033
      15,017
               -
        45,050Net gain (loss) for
the year ended June 30, 2008
            -
           -
            -
    (    71,535)    (
   71,535)                                                    ----------
  ----------   ----------
    ------------
    ------------Balances, June 30, 2008
                             65,033,320
      65,033   (   16,483)
   (    81,746)    (
   33,196) Gain
on Disposition of related party debt
                                         52,755
                         52,755  ------------
                   ------------ Net
gain (loss) for the period ended June 30, 2009
           -
           -
            -
   (    46,142)  $ (
   46,142) -----------
  ----------   ------------   ------------
    ------------ Balances,
June 30, 2009 (Forward Split 10 for 1)     65,033,320
      65,033
      36,272     (
  127,888)  $ (    26,583)
                                                                         ==========
  ==========   ===========    ============
    ============  The accompanying notes are an
integral part of these financial statements  The Company was incorporated in the State of Nevada,
United States of America on August 25, 2006 and its fiscal year end is June 30.
The Company was engaged in recording, publishing and distribution of
multicultural stories and fairy tales for children through its website
www.bonfiretales.com and other internet retailers.  It no longer operates
Bonfiretales and is seeking a merger partner to bring in a business. Going Concern These financial statements have been prepared on a
going concern basis. The Company has a working capital of $459.00 and has
accumulated deficit of $127,888 since inception. Its ability to continue as a
going concern is dependent upon the ability of the Company to generate
profitable operations in the future and/or to obtain the necessary financing to
meet its obligations and repay its liabilities arising from normal business
operations when they come due. The outcome of these matters cannot be predicted
with any certainty at this time. These factors raise substantial doubt that the
company will be able to continue as a going concern. Management plans to
continue to provide for its capital needs by the issuance of common stock and
related party advances. These financial statements do not include any
adjustments to the amounts and classification of assets and liabilities that may
be necessary should the Company be unable to continue as a going concern. Note 2 Summary of Significant Accounting
Policies The financial statements of the Company have been prepared in
accordance with generally accepted accounting principles in the United States of
America. Because a precise determination of many assets and liabilities is
dependent upon future events, the preparation of financial statements for a
period necessarily involves the use of estimates which have been made using
careful judgment. Actual results may vary from these estimates. The financial statements have,
in management's opinion, been properly prepared within reasonable limits of
materiality and within the framework of the significant accounting policies
summarized below:  Development Stage
Company The Company complies with Financial Accounting
Standard Board Statement ("FAS") No. 7 and The Securities and Exchange
Commission Act Guide 7 for its characterization of the Company as development
stage. Revenue Recognition We recognize revenue from product sales when the
following four revenue recognition criteria are met: persuasive evidence of an
arrangement exists, delivery has occurred or services have been rendered, the
selling price is fixed or determinable, and collectibility is reasonably
assured. Product sales and shipping revenues, net of promotional discounts,
rebates, and return allowances, are recorded when the products are shipped and
title passes to customers. Impairment of Long-lived
Assets Capital assets are reviewed
for impairment in accordance with FAS No. 144, "Accounting for the Impairment or
Disposal of Long-lived Assets", which was adopted effective January 1, 2002.
Under FAS No. 144, these assets are tested for recoverability whenever events or
changes in circumstances indicate that their carrying amounts may not be
recoverable.    Bonfire Productions,
Inc.(A Development Stage Company)Notes to Financial
StatementsJune 30, 2009Page 2 Note 2 Summary of Significant
Accounting Policies - (cont'd) Technology and
Content Technology and content expenses consist principally of
consultants' fees and expenses related to website development, editorial
content, and systems support. Technology and content costs are expensed as
incurred. Advertising Costs The Company's policy regarding advertising is to
expense advertising when incurred. The Company had not incurred any advertising
expense as of June 30, 2009. Foreign Currency
Translation The financial statements are presented in United
States dollars. In accordance with Statement of Financial Accounting Standards
No. 52, "Foreign Currency Translation", since the functional currency of the
Company is U.S. dollars, the foreign currency financial statements of the
Company's subsidiaries are re-measured into U.S. dollars. Monetary assets and
liabilities are re-measured using the foreign exchange rate that prevailed at
the balance sheet date. Revenue and expenses are translated at weighted average
rates of exchange during the year and stockholders' equity accounts and
furniture and equipment are translated by using historical exchange rates. Any
re-measurement gain or loss incurred is reported in the income statement.  Stock-based Compensation The Company has not adopted a stock option plan and
has not granted any stock options. Accordingly no stock-based compensation has
been recorded to date. Income Taxes The Company uses the asset and liability method of
accounting for income taxes in accordance with FAS No. 109 "Accounting for
Income Taxes". Under this method, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to temporary differences
between the financial statements carrying amounts of existing assets and
liabilities and loss carryforwards and their respective tax bases. Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled. Fair Value of Financial
Instruments The carrying value of the Company's financial
instruments consisting of cash, accounts payable and accrued liabilities,
agreement payable and due to related party approximate their carrying value due
to the short-term maturity of such instruments. Unless otherwise noted, it is
management's opinion that the Company is not exposed to significant interest,
currency or credit risks arising from these financial instruments.  Recent Accounting
Pronouncements  In June 2009, the FASB issued SFAS No. 166, Accounting
for Transfers of Financial Assetsan amendment of FASB Statement No. 140 (SFAS
166). The provisions of SFAS 166, in part, amend the derecognition guidance in
FASB Statement No. 140, eliminate the exemption from consolidation for
qualifying special-purpose entities and require additional disclosures. SFAS 166
is effective for financial asset transfers occurring after the beginning of an
entitys first fiscal year that begins after November 15, 2009. The Company does
not expect the provisions of SFAS 166 to have a material effect on the financial
position, results of operations or cash flows of the Company.     Bonfire Productions,
Inc.(A Development Stage Company)Notes to Financial
StatementsJune 30, 2009Page 3 Note 2 Summary of Significant
Accounting Policies - (cont'd)  In June 2009, the FASB issued SFAS No. 167,
Amendments to FASB Interpretation No. 46(R) (SFAS 167). SFAS 167 amends the
consolidation guidance applicable to variable interest entities. The provisions
of SFAS 167 significantly affect the overall consolidation analysis under FASB
Interpretation No. 46(R). SFAS 167 is effective as of the beginning of the first
fiscal year that begins after November 15, 2009. SFAS 167 will be effective for
the Company beginning in 2010. The Company does not expect the provisions of
SFAS 167 to have a material effect on the financial position, results of
operations or cash flows of the Company.  In June 2009, the FASB issued SFAS No. 168, The FASB
Accounting Standards Codification and the Hierarchy of Generally Accepted
Accounting Principles  a replacement of FASB Statement No. 162 (SFAS No.
168). Under SFAS No. 168 the FASB Accounting Standards Codification
(Codification) will become the source of authoritative U. S. GAAP to be
applied by nongovernmental entities.  Rules and interpretive releases of
the Securities and Exchange Commission (SEC) under authority of federal
securities laws are also sources of authoritative GAAP for SEC registrants. SFAS
No. 168 is effective for financial statements issued for interim and annual
periods ending after September 15, 2009.  On the effective date, the
Codification will supersede all then-existing non-SEC accounting and reporting
standards. All other non-grandfathered non-SEC accounting literature not
included in the Codification will become non-authoritative. SFAS No. 168 is
effective for the Companys interim quarterly period beginning July 1, 2009. The
Company does not expect the adoption of SFAS No. 168 to have an impact on the
financial statements.  In June 2009, the Securities and Exchange Commissions
Office of the Chief Accountant and Division of Corporation Finance announced the
release of Staff Accounting Bulletin (SAB) No. 112. This staff accounting
bulletin amends or rescinds portions of the interpretive guidance included in
the Staff Accounting Bulletin Series in order to make the relevant interpretive
guidance consistent with current authoritative accounting and auditing guidance
and Securities and Exchange Commission rules and regulations. Specifically, the
staff is updating the Series in order to bring existing guidance into conformity with
recent pronouncements by the Financial Accounting Standards Board, namely,
Statement of Financial Accounting Standards No. 141 (revised 2007), Business
Combinations, and Statement of Financial Accounting  Standards No. 160, Non-controlling Interests in
Consolidated Financial Statements. The statements in staff accounting bulletins
are not rules or interpretations of the Commission, nor are they published as
bearing the Commission's official approval. They represent interpretations and
practices followed by the Division of Corporation Finance and the Office of the
Chief Accountant in administering the disclosure requirements of the Federal
securities laws.  In April 2009, APB 12-5,  Disclosure of depreciable
assets and depreciation. Depreciation was calculated using the straight line
method over a five year period.  In April 2009, the FASB issued FSP No. FAS 107-1 and APB
28-1, Interim Disclosures about Fair Value of Financial Instruments. This FSP
amends FASB Statement No. 107, Disclosures about Fair Value of Financial
Instruments, to require disclosures about fair value of financial instruments
for interim reporting periods of publicly traded companies as well as in annual
financial statements. This FSP also amends APB Opinion No. 28, Interim Financial
Reporting, to require those disclosures in summarized financial information at
interim reporting periods. This FSP shall be effective for interim reporting
periods ending after June 15, 2009. The Company does not have any fair value of
financial instruments to disclose.  In April 2009, the FASB issued FSP No. FAS 115-2 and FAS
124-2, Recognition and Presentation of Other-Than-Temporary Impairments. This
FSP amends the other-than-temporary impairment guidance in U.S. GAAP for debt
securities to make the guidance more operational and to improve the presentation
and disclosure of other-than-temporary impairments on debt and equity securities
in the financial statements. The FSP does not amend existing recognition and
measurement guidance related to other-than-temporary impairments of equity
securities. The FSP shall be effective for interim and annual reporting periods
ending   Bonfire Productions,
Inc.(A Development Stage Company)Notes to Financial
StatementsJune 30, 2009Page 4 Note 2 Summary of Significant
Accounting Policies - (cont'd)  after June 15, 2009. The Company currently does not have
any financial assets that are other-than-temporarily impaired.  In April 2009, the FASB issued FSP No. FAS 141(R)-1,
Accounting for Assets Acquired and Liabilities Assumed in a Business Combination
That Arise from Contingencies, to address some of the application issues under
SFAS 141(R). The FSP deals with the initial recognition and measurement of an
asset acquired or a liability assumed in a business combination that arises from
a contingency provided the asset or liabilitys fair value on the date of
acquisition can be determined. When the fair value can-not be determined, the
FSP requires using the guidance under SFAS No. 5, Accounting for Contingencies,
and FASB Interpretation (FIN) No. 14, Reasonable Estimation of the Amount of a
Loss. This FSP was effective for assets or liabilities arising from
contingencies in business combinations for which the acquisition date is on or
after January 1, 2009. The adoption of this FSP has not had a material impact on
our financial position, results of operations, or cash flows during the six
months ended June 30, 2009.  In April 2009, the FASB issued FSP No. FAS
157-4, Determining Fair Value When the Volume and Level of Activity for the
Asset or Liability Have Significantly Decreased and Identifying Transactions
That Are Not Orderly (FSP FAS 157-4).  FSP FAS 157-4 provides
guidance on estimating fair value when market activity has decreased and on
identifying transactions that are not orderly.  Additionally, entities
are required to disclose in interim and annual periods the inputs and valuation
techniques used to measure fair value.  This FSP is effective for
interim and annual periods ending after June 15, 2009.  The Company
does not expect the adoption of FSP FAS 157-4 will have a material impact on its
financial condition or results of operation.  In October 2008, the FASB issued FSP No.
FAS 157-3, Determining the Fair Value of a Financial Asset When the Market for
That Asset is Not Active, (FSP FAS 157-3), which clarifies application of
SFAS 157 in a market that is not active.  FSP FAS 157-3 was effective
upon issuance, including prior periods for which financial statements have not
been issued.  The adoption of FSP FAS 157-3 had no impact on the
Companys results of operations, financial condition or cash flows.  In December 2008, the FASB issued FSP No.
FAS 140-4 and FIN 46(R)-8, Disclosures by Public Entities (Enterprises) about
Transfers of Financial Assets and Interests in Variable Interest
Entities.  This disclosure-only FSP improves the transparency of
transfers of financial assets and an enterprises involvement with variable
interest entities, including qualifying special-purpose
entities.  This FSP is effective for the first reporting period
(interim or annual) ending after December 15, 2008, with earlier application
encouraged.  The Company adopted this FSP effective January 1,
2009.  The adoption of the FSP had no impact on the Companys
results of operations, financial condition or cash flows.  In December 2008, the FASB issued FSP No.
FAS 132(R)-1, Employers Disclosures about Postretirement Benefit Plan Assets
(FSP FAS 132(R)-1).  FSP FAS 132(R)-1 requires additional fair value
disclosures about employers pension and postretirement benefit plan assets
consistent with guidance contained in SFAS 157.  Specifically,
employers will be required to disclose information about how investment  allocation decisions are made, the fair
value of each major category of plan assets and information about the inputs and
valuation techniques used to develop the fair value measurements of plan assets.
This FSP is effective for fiscal years ending after December 15,
2009.  The Company does not expect the adoption of FSP FAS 132(R)-1
will have a material impact on its financial condition or results of
operation.  In September 2008, the FASB issued exposure
drafts that eliminate qualifying special purpose entities from the guidance of
SFAS No. 140, Accounting for Transfers and Servicing of Financial  Assets
and  Extinguishments of Liabilities, and  FASB  Interpretation
46 (revised December 2003), Consolidation of  Variable  Interest
Entities - an interpretation of ARB  No. 51, as well as other
modifications.  While the proposed revised pronouncements have not
been finalized and the proposals are subject to further public   Bonfire Productions,
Inc.(A Development Stage Company)Notes to Financial
StatementsJune 30, 2009Page 5 Note 2 Summary of Significant
Accounting Policies - (cont'd) comment, the Company anticipates the
changes will not have a significant impact on the Companys financial
statements.  The changes would be effective March 1, 2010, on a
prospective basis. Note 3 Capital Stock The
total number of common shares authorized that may be issued by the Company is
75,000,000 shares with a par value of one tenth of one cent ($0.001) per share
and no other class of shares is authorized. During the period from August
25, 2006 (inception) to June 30, 2007, the Company issued 3,500,000 shares of
common stock to its director for total proceeds of $3,500. During the year ended
June 30, 2008, the Company issued 3,003,332 shares of common stock at $0.015 per
share for total proceeds of $45,050. To March 31, 2009, the Company
has not granted any stock options and has not recorded any stock-based
compensation. On April 20, 2009 the Company
implemented a 10 for 1 forward stock split whereby each shareholder of record
received an additional 9 shares of common stock for every 1 share held of
record. Note 4 Related Party
Transactions a) The President of the Company
provides consulting services to the Company. During the year ended June 30, 2009
consulting services of $Nil (June 30, 2008 - $2,066) were charged to
operations. b) At March 31, 2009, the
Company owed $1,900 to directors of the Company for cash advances provided to
the Company.  The loan is payable on demand. This cash advance was paid in
full at June 30, 2009 c) During the period ended
September 30, 2008, the former President of the Company provided a $7,000 loan
to the Company. The loan was payable on demand, unsecured, bore interest at
6.45% per annum, and consisted of $7,000 of principal due on or after July 5,
2009, and $336 of accrued interest payable as at August 29, 2008. d) On August 29, 2008, the
amounts due to the former President of the Company were settled and the Company
recorded a $37,123 gain on the settlement of related party debt.  e) On April 7, 2009, funds were disbursed
from escrow for the purchase of approximately 54% control of the Company. Three
million five hundred thousand (3,500,000) shares were purchased. The shares were
purchased pursuant to an Affiliate Stock Purchase Agreement by Tim C. DeHerrera
(1,166,667 shares), P. James Voloshin (1,166,667 shares) and Richard A. Luthmann
(1,166,666 shares). Control was assumed from Alexander Kulyashov pursuant to the
Agreement.  As part of the purchase of control, Tim C. DeHerrera consented
to act as President, Secretary and Director, P. James Voloshin consented to act
as Treasurer and Director, and Richard Luthmann consented to act as Executive
Vice President, Chief Legal Officer and Director of the Company. With the
transfer of control, an additional $15,632 gain on settlement and related party
debt was recorded.  f) On May 18, 2009,
 Shareholder Mr. Vikram Khanna provided a $5,000 loan to the Company. The
loan is payable on demand with no fixed term or set duration of repayment.  g) On June 15, 2009,  Shareholder Mr.
Vikram Khanna provided a $16,250 loan to the Company. The loan is payable on
demand with no fixed term or set duration of repayment.     Bonfire Productions,
Inc.(A Development Stage Company)Notes to Financial
StatementsJune 30, 2009Page 6 Note 5 Disposition of
Assets a)  On April 7, 2009 at the time of the Change of
Control, the Company allowed previous management to retain the company deposit
in the amount of $200 and the Company laptop computer valued at $1,532. Note 6
Legal Proceedings  On May 1, 2009,, the Christian Samuels Group filed a
lawsuit in the Dallas District Court DC-09-05496-G, alleging the Company and its
executives did not perform on the delivery of share ownership to the Christian
Samuels investors and other issues towards the other parties named in the suit.
 On July 15, 2009, the Company filed a counter-claim against the Christian
Samuels Group and other parties alleging that they had not preformed in funding
the Company pursuant to a stock purchase agreement.  On May 4, 2009, the Company filed an action against
several Christian Samuels Group investors and other individuals in the District
Court, Clark County, Nevada, case number A589507.  The suit alleges that
shares of the company were inadvertently delivered to Christian Samuel investors
and demanding payment for such shares.  The parties have reached a settlement agreement as of the
date of this filing but have not finalized and settled the cases.  The
Company does not believe these lawsuits or their respective settlements will
have a material impact on the Companys financial statements Note 7
Subsequent Events On October 6, 2009, Richard Luthmann and P. James
Voloshin resigned as officers and directors of the Company. Note 8
Restatements Due to Accounting Error The Companys financial statements have presented that
the income shown on the first, second and third quarters interim financial
statements as filed in the Companys interim 10Q filings was an accounting
error. There were two accounting errors discovered by management: first, the
Company incorrectly reported a related party loan as income in the amount of
$7,500 on September 30, 2008 during the first fiscal quarter; and second, the
Company incorrectly reported the forgiveness of related party debt as Other
Income also during the first fiscal quarter as filed in the Companys Form 10QSB
for the period ending September 30, 2008 filed on October 28, 2008. These errors
were reported again during the second and third quarters in the Companys 10Q
filings for the periods ending December 31, 2008 and March 31, 2009 filed on
February 2, 2009 and May 15, 2009, respectively.  On December 1, 2009 the Company filed an 8K -
Non-Reliance on Previously Issued Financial Statements.  In this 8K filing
the Company represented it will restate each prior quarter upon filingthe 10Q forms for each
quarter of fiscal 2010.  In addition to the above, which only has impact on our
interim financial statements, we have reclassified a $759 related party loan
repayment during 2008 from the operation section of our Statement of Cash Flows
to the Financing section of our statement of Cash Flows. This change has no
other impact on any of our other financial statements.     ITEM 9: CHANGES IN
AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE   For Fiscal Year 2009 we changed Certifying Accountants to
Seele and Beers, CPAs and they billed the following fees and had to re-audit
Fiscal 2008 In a letter dated September 2, 2009, we were advised that on August
27, 2009 the Public Company Accounting Oversight Board ("PCAOB") revoked the
registration of Moore because of violations of PCAOB rules and auditing
standards in auditing the financial statements, PCAOB rules and quality controls
standards and Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder, and noncooperation with a Board investigation.ITEM 9A: CONTROLS
AND PROCEDURES Evaluation of Disclosure
ControlsWe evaluated the effectiveness of our disclosure controls
and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934, as amended (the Exchange Act), as of the end of the 2009
fiscal year. This evaluation was conducted with the participation of our chief
executive officer and our principal accounting officer. Disclosure controls are controls
and other procedures that are designed to ensure that information that we are
required to be disclosed in the reports we file pursuant to the Securities
Exchange Act of 1934 is recorded, processed, summarized and reported.  Managements Report on Internal Control
over Financial Reporting  Our management is responsible for
establishing and maintaining adequate internal control over financial reporting.
Our internal control over financial reporting is designed to provide reasonable
assurances regarding the reliability of financial reporting and the preparation
of our financial statements in accordance with U.S. generally accepted
accounting principles, or GAAP. Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions,
or that the degree or compliance with the policies or procedures may
deteriorate.  With the participation of our Chief
Executive and Financial Officer, our management conducted an evaluation of the
effectiveness of our internal control over financial reporting as of June 30,
2009, based on the framework in Internal ControlIntegrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").
Based on our evaluation, management concluded that we did not maintain effective
internal control over financial reporting as of June 30, 2009, based on the COSO
framework criteria.  This annual report does not include an
attestation report of our registered public accounting firm regarding internal
control over financial reporting.  Managements report was not subject
to attestation by our registered public accounting firm pursuant to temporary
rules of the Securities and Exchange Commission that permit us to provide only
managements report in this annual report. Limitations on the
Effective of ControlsOur management does not expect that our
disclosure controls or our internal controls over financial reporting will
prevent all error and fraud. A control system, no matter how well conceived and
operated, can provide only reasonable, but no absolute, assurance that the
objectives of a control system are met. Further, any control system reflects
limitations on resources, and the benefits of a control system must be
considered relative to its costs. These limitations also include the realities
that judgments in decision-making can be faulty and that breakdowns can occur
because of simple error or mistake. Additionally, controls can be circumvented
by the individual acts of some persons, by collusion of two or more people or by
management override of a control. A design of a control system is also based
upon certain assumptions about potential future conditions; over time, controls
may become inadequate because of changes in conditions, or the degree of
compliance with the policies or procedures may deteriorate. Because of the
inherent limitations in a cost-effective control system, misstatements due to
error or fraud may occur and may not be detected. ConclusionsBased upon their
evaluation of our controls, the chief executive officer and principal accounting
officer have concluded that, subject to the limitations noted above, the
disclosure controls are not effective in providing reasonable assurance that
material information relating to us is made known to management on a timely
basis during the period when our reports are being prepared due to a lack of
segregation of duties as the Company has only one officer and director. There
were no changes in our internal controls that occurred during the quarter
covered by this report that have materially affected, or are reasonably likely
to materially affect our internal controls.  ITEM 9B: OTHER
INFORMATION None.    PART III  ITEM 10:
DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE DIRECTORS AND EXECUTIVE
OFFICERS Our executive officers and
directors and their respective ages as of the date of this annual report are as
follows: DirectorsName of Director

AgeTim DeHerrera

52Executive
OfficersName of Officer

Age

OfficeTim DeHerrera

52

President, and Chief
Executive Officer   The directors will serve as
directors until our next annual shareholder meeting or until a successor is
elected who accepts the position. Directors are elected for one-year terms.
Officers hold their positions at the will of the Board of Directors, absent any
employment agreement. There are no arrangements, agreements or understandings
between non-management shareholders and management under which non-management
shareholders may directly or indirectly participate in or influence the
management of Bonfire Productions' affairs. Tim DeHerrera, President, CEO
and Director Mr. DeHerrera is also current President and CEO of
InterVision Network Corporation.  InterVision Network Corporation is a
global on-line broadcast company publicly traded on the Pinksheets.  Mr.
DeHerrera has been President and a Director of the company, formerly called
Future Quest Nevada, Inc., since February 2004. Mr. DeHerrera orchestrated the
purchase of the Intervision assets into Future Quest in January 2008 and changed
the companys name and recapitalized the company.   Previously he was
President and CEO of the public company Atlantis Business Development
Corporation, now Atlantis Technology Group.  Prior to joining Atlantis he
was in the financial services sector for over fifteen years, most recently as
president and founder of Alternative Finance Advisors, Inc, a consulting company
to the credit industry. Significant
Employees We have no significant employees
other than the officer and director described above. Committees of the Board Of
Directors At present, we do not have an
audit committee, compensation committee, nominating committee, an executive
committee of our board of directors, stock plan committee or any other
committee. Family
Relationships There are no family
relationships among our directors or officers. Involvement in Certain
Legal Proceedings Our directors, executive
officers and control persons have not been involved in any of the following
events during the past five years: 1. any bankruptcy petition filed
by or against any business of which such person was a general partner or
executive officer either at the time of the bankruptcy or within two years prior
to that time; 2. any conviction in a criminal
proceeding or being subject to a pending criminal proceeding (excluding traffic
violations and other minor offenses);   3.
being subject to any order, judgment, or decree, not subsequently reversed,
suspended or vacated, of any court of competent jurisdiction, permanently or
temporarily enjoining, barring, suspending or otherwise limiting his involvement
in any type of business, securities or banking activities; or 4. being found by a court of
competent jurisdiction (in a civil action), the Securities and Exchange 4
Commission or the Commodity Futures Trading Commission to have violated a
federal or state securities or commodities law, and the judgment has not been
reversed, suspended, or vacated. Audit Committee and Audit
Committee Financial Expert We have no audit committee
financial expert. We believe that the cost related to retaining a financial
expert at this time is prohibitive. Further, because of our stage of
development, we believe the services of a financial expert are not
warranted. Section 16(a) Beneficial
Ownership Reporting Compliance Section 16(a) of the Exchange
Act requires our executive officers and directors and persons who own more than
10% of a registered class of our equity securities to file with the SEC initial
statements of beneficial ownership, reports of changes in ownership and annual
reports concerning their ownership of our common stock and other equity
securities, on Forms 3, 4 and 5 respectively. Executive officers, directors and
greater than 10% shareholders are required by the SEC regulations to furnish us
with copies of all Section 16(a) reports that they file. Based solely on our review of
the copies of such forms received by us, or written representations from certain
reporting persons, we believe that all filing requirements applicable to our
officers, directors and greater than ten percent beneficial owners were complied
with, with the exception of the following:  ---------------------------------------------------------------------------------------                     Number
of Late   Number of Transactions Not
     Failure to FileName
                 Reports
         Reported on a Timely Basis
     Requested
Forms---------------------------------------------------------------------------------------Alexander
Kulyashov        1(1)
                   1
                        Nil Tim
DeHerrera
                                     1
                         1 P
James Voloshin
                                  1
                         1 Richard
A Luthmann
                                1
                         1---------------------------------------------------------------------------------------  (1) The named officer, director
or greater than 10% stockholder, as applicable, filed a late Form 3 -Initial
Statement of Beneficial Ownership of Securities or has not filed a Form 3-
Initial Statement of Beneficial Ownership.  ITEM 11: EXECUTIVE
COMPENSATION The following summary
compensation table sets forth information concerning compensation for services
rendered in all capacities during 2008 and 2009 awarded to, earned by or paid to
our executive officers. SUMMARY COMPENSATION
TABLE  Change
in                                                                                           Pension                                                                                          Value
and                                                                             Non-Equity
 Nonqualified                                                                              Incentive
   DeferredName and
                                                     Stock
 Option      Plan
    Compensation    All OtherPrincipal
                                       Salary
Bonus Awards Awards  Compensation   Earnings
   Compensation     TotalPosition
                                   Year
 ($)    ($)   ($)    ($)
       ($)
          ($)
          ($)
         ($)(a)
                                         (b)
 (c)    (d)   (e)    (f)
       (g)
          (h)
          (i)
         (j)--------------------------------------------------------------------------------------------------------------------------------Alexander
Kulyashov,Chief Executive Officer 2008 $  0     0
    0       0
        0
            0
          5,000
    $  5,000
--------------------------------------------------------------------------------------------------------------------------------Nadezda
Maximova, Chief Financial Officer   2008 $  0
    0     0
      0
        0
            0
          2,066
    $  2,066 --------------------------------------------------------------------------------------------------------------------------------Tim
DeHerrera,Chief Executive Officer       2009 $
 0     0     0
      0
        0
            0
            0
      $    0
 --------------------------------------------------------------------------------------------------------------------------------*Richard
A Luthmann,VP, General Council     2009 $  0
    0     0
      0
        0
            0
            0
      $    0 --------------------------------------------------------------------------------------------------------------------------------*P.
James Voloshin,Treasure, Director       2009 $
 0     0     0
      0
        0
            0
            0
      $    0
 -------------------------------------------------------------------------------------------------------------------------------- *
  Richard Luthmann and P. James Voloshin resigned as officers and
directors on October 6, 2009.       OUTSTANDING EQUITY AWARDS
AT FISCAL YEAR-END TABLE  Option
Awards
                                              Stock
Awards-------------------------------------------------------------------------------------
--------------------------------------------- Name
             Number
of        Number of
       Equity
     Option     Option
    Number    Market
    Equity
      Equity (a)
           ------------------
 Securities      Incentive
   Exercise Expiration of Shares  Value of
  Incentive
  Incentive                   Securities
      Underlying
       Plan
       Price
     Date     or Units  Shares
or    Plan
        Plan                   Underlying
      Unexercised
     Awards:       ($)
       (f)     of Stock
   Units     Awards:
     Awards:                  Unexercised
        Options
     Number of       (e)
               That
Have  of Stock   Number
      Market                    Options
            (#)
       Securities
                           Not
    That Have    of
       or
Payout                      (#)
        (Unexercisable)  Underlying
                         Vested
     Not     Unearned
     Value
of                  (Exercisable)
        (c)
       Unexercised
                          (#)
     Vested     Shares,
    Unearned                      (b)
                          Unearned
                            (g)
      ($)      Units or
     Shares,                                                     Options
                                      (h)
      Other
      Units
or                                                       (#)
                                                  Rights
       Other                                                       (d)
                                                  That
        Rights                                                                                                           Have
Not
       That                                                                                                            Vested
      Have
Not                                                                                                              (#)
        Vested                                                                                                              (i)
         ($)                                                                                                                           (j)-----------------------------------------------------------------------------------------------------------------------------------Tim
DeHerrera           0
                 0
            0
           0
       N/A
        0
      $   0
       0
           0Richard A
Luthmann      0
                 0
            0
           0
       N/A
        0
      $   0
       0
           0 P.James
Voloshin        0
                 0
            0
           0
       N/A
        0
      $   0
       0
           0-----------------------------------------------------------------------------------------------------------------------------------   DIRECTOR COMPENSATION TABLE
FOR FISCAL 2008  Name
              Fees
      Stock      Option
         Non-Equity
            Change
in             All
Other           Total(a)
              Earned
     Awards     Awards
       Incentive Plan
        Pension Value
        Compensation
          ($)                 or
Paid      ($)
        ($)
         Compensation
              and
                  ($)
              (h)                   in
        (c)
        (d)
              ($)
             Nonqualified
              (g)                  Cash
                                     (e)
               Deferred                   ($)
                                                      Compensation                   (b)
                                                        Earnings                                                                                  ($)                                                                                  (f)-----------------------------------------------------------------------------------------------------------------------------------Alexander
Kulyashov  0
           0
         0
                0
                    0
                    0
            $
  0Nadezda Maximova     0
           0
         0
                0
                    0
                    0
            $
  0 Tim
DeHerrera        0
           0
         0
                0
                    0
                    0
            $
  0 Richard
A Luthmann   0
           0
         0
                0
                    0
                    0
            $
  0 P.
James Voloshin    0
           0
         0
                0
                    0
                    0
            $
  0-----------------------------------------------------------------------------------------------------------------------------------    Option Grants in
2009No options were granted during 2009. Aggregated Option Exercises in 2009 and 2009
Year-End Option ValuesNo options were exercised by our Officers or
Directors during 2009. Stock Incentive Plan - Awards in
2009During 2009, no shares, options or other rights were granted to
any of our employees or Officers. Director CompensationNo options
were granted or payments made in compensation for services rendered to any
Bonfire Productions directors.  ITEM 12: SECURITY OWNERSHIP
OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
MATTERS The following table sets forth
information regarding the beneficial ownership of our shares of common stock at
December 1, 2009 by (i) each person known by us to be the beneficial owner of
more than 5% of our outstanding shares of common stock, (ii) each of our
directors, (iii) our executive officers, and (iv) by all of our directors and
executive officers as a group. Each person named in the table, has sole voting
and investment power with respect to all shares shown as beneficially owned by
such person and can be contacted at our executive office address.  TITLE OF
CLASS
NAME OF BENEFICIAL
OWNER
SHARES OF COMMON
STOCK
PERCENT OF
CLASSCommon
Tim DeHerrera
11,666,667
18%Common
Richard A Luthmann*
11,666,666
18%Common
P. James Voloshin*
11,666,667
18%Directors and Officers as a
Group

53.82%      *   Richard Luthmann
and P. James Voloshin resigned as officers and directors on October 6, 2009. The percent of class is based on
6,503,332 shares of common stock issued and outstanding as of the date of this
annual report. The Company has no securities
authorized for issuance under equity compensation plans.  ITEM 13: CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE During the fiscal year ended
June 30, 2009: a) The President of the Company
provides consulting services to the Company. During the year ended June 30, 2009
consulting services of $Nil (June 30, 2008 - $2,066) were charged to
operations. b) At March 31, 2009, the
Company owed $1,900 to directors of the Company for cash advances provided to
the Company.  The loan is payable on demand. This cash advance was paid in
full at June 30, 2009 c) During the period ended
September 30, 2008, the former President of the Company provided a $7,000 loan
to the Company. The loan was payable on demand, unsecured, bore interest at
6.45% per annum, and consisted of $7,000 of principal due on or after July 5,
2009, and $336 of accrued interest payable as at August 29, 2008. d) On August 29, 2008, the
amounts due to the former President of the Company were settled and the Company
recorded a $37,123 gain on the settlement of amounts due to related party.  e) On April 7, 2009, funds were disbursed
from escrow for the purchase of approximately 54% control of the Company. Three
million five hundred thousand (3,500,000) shares were purchased. The shares were
purchased pursuant to an Affiliate Stock Purchase Agreement by Tim C. DeHerrera
(1,166,667 shares), P. James Voloshin (1,166,667 shares) and Richard A. Luthmann
(1,166,666 shares). Control was assumed from Alexander Kulyashov pursuant to the
Agreement.  As part of the purchase of control, Tim C. DeHerrera consented
to act as President, Secretary   and Director, P.
James Voloshin consented to act as Treasurer and Director, and Richard Luthmann
consented to act as Executive Vice President, Chief Legal Officer and Director
of the Company.  Additionally, with the transfer of control all liabilities
were paid including all related party loans.  f) On May 18, 2009,
 Shareholder Mr. Vikram Khanna provided a $5,000 loan to the Company. The
loan is payable on demand with no fixed term or set duration of repayment.  g) On June 15, 2009,  Shareholder Mr.
Vikram Khanna provided a $16,250 loan to the Company. The loan is payable on
demand with no fixed term or set duration of repayment. Otherwise, neither our directors
and officers, nor any proposed nominee for election as a director, nor any
person who beneficially owns, directly or indirectly, shares carrying more than
10% of the voting rights attached to all of our outstanding shares, nor any
promoter, nor any relative or spouse of any of the foregoing persons has any
material interest, direct or indirect, in any transaction since our
incorporation or in any presently proposed transaction which, in either case,
has or will materially affect us. Our management is involved in
other business activities and may, in the future become involved in other
business opportunities. If a specific business opportunity becomes available,
such persons may face a conflict in selecting between our business and their
other business interests. In the event that a conflict of interest arises at a
meeting of our directors, a director who has such a conflict will disclose his
interest in a proposed transaction and will abstain from voting for or against
the approval of such transaction. None of our directors is
independent, as described in the standards for independence set forth in the
Rules of the American Stock Exchange. Director
Independence Our common stock is quoted on
the OTC bulletin board interdealer quotation system, which does not have
director independence requirements. Under NASDAQ rule 4200(a)(15), a director is
not considered to be independent if he or she is also an executive officer or
employee of the corporation. Our director, Tim DeHerrera is also our chief
executive officer.  As a result, we do not have any independent
directors. As a result of our limited
operating history and limited resources, our management believes that we will
have difficulty in attracting independent directors. In addition, we would be
likely be required to obtain directors and officers insurance coverage in order
to attract and retain independent directors. Our management believes that the
costs associated with maintaining such insurance is prohibitive at this
time.   ITEM 14: PRINCIPAL ACCOUNTANT
FEES AND SERVICES Our principal accountants, Moore and
Associates, Chartered Accountants and Advisors, billed the following fees for
the services indicated for Fiscal year ended June 30, 2008,  For Fiscal
Year 2009 we changed Certifying Accountants to Seele and Beers, CPAs and they
billed the following fees and had to re-audit Fiscal 2008 In a letter dated
September 2, 2009, we were advised that on August 27, 2009 the Public Company
Accounting Oversight Board ("PCAOB") revoked the registration of Moore because
of violations of PCAOB rules and auditing standards in auditing the financial
statements, PCAOB rules and quality controls standards and Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and noncooperation
with a Board investigation.   Fiscal
year-ended                               June
30, 2009         June 30,
2008                               -------------
        -------------Audit fees
                        $8,750
               $
3,500Audit-related fees
                   Nil
                   NilTax
fees
                             Nil
                   NilAll
other fees
                       Nil
                 5,100  Audit fees consist of fees
related to professional services rendered in connection with the audit of our
annual financial statements. All other fees relate to professional services
rendered in connection with the review of the quarterly financial
statements. Our policy is to pre-approve all
audit and permissible non-audit services performed by the independent
accountants. These services may include audit services, audit-related services,
tax services and other services. Under our audit committee's policy,
pre-approval is generally provided for particular services or categories of
services, including planned services, project based services and routine
consultations. In addition, the audit committee may also pre-approve particular
services on a case-by-case basis. Our audit committee approved all services that
our independent accountants provided to us in the past two fiscal years.  PARTI
IV  ITEM 15: EXHIBITS, FINANCIAL
STATEMENT SCHEDULES The following exhibits are
included as part of this report:    ExhibitNumber
    Title of Document-------
   ----------------- 3.1
     Articles of Incorporation* 3.2
     Bylaws*31.1
     Certification pursuant to Rule 13a-14(a) under the
Securities          Exchange
Act of 193431.2      Certification pursuant to Rule
13a-14(a) under the
Securities          Exchange
Act of 193432.1      Certification pursuant to 18
U.S.C. Section 1350, as adopted
pursuant          to
Section 906 of the Sarbanes-Oxley Act of 200232.2
     Certification pursuant to 18 U.S.C. Section 1350,
as adopted
pursuant          to
Section 906 of the Sarbanes-Oxley Act of 2002  *Incorporated by reference to
similarly numbered exhibits filed with the Company's Registration Statement on
Form SB-2 on August 28, 2007.     SIGNATURES Pursuant to the requirements of
Section 13 and 15 (d) 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. Dated: December 2,
2009BONFIRE PRODUCTIONS, INC.  /s/
Tim DeHerrera---------------------------Tim DeHerreraPresident,
Chief Executive Officer and Director(Principal Executive Officer)