UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934

     For the quarterly period ended December 31, 2007.

[ ]  Transition Report pursuant to Section 13 or 15(d)of the Securities Exchange
     Act of 1934

     For the transition period            to            .
                              ------------  ------------

                        Commission File Number 333-145743

                            BONFIRE PRODUCTIONS, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

             Nevada                                       75-3260546
----------------------------------          ------------------------------------
 (State or other jurisdiction of            (IRS Employer Identification Number)
   incorporation or organization)

                   2018 156th Avenue NE, Building F, Suite 100
                               Bellevue, WA 98007
                    ----------------------------------------
                    (Address of principal executive offices)

                                 (425) 748-5041
                           ---------------------------
                           (Issuer's telephone number)


                                      None
              ----------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)


Check whether the issuer (1) filed all reports required to be filed by   Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.
                                                                Yes [X]  No [ ]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
                                                                Yes [X]  No [ ]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section l2, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court.
                                                                Yes [ ]  No [ ]

<page>

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:  6,503,332 Shares of $0.001 par value
Common Stock outstanding as of February 5, 2008.

Transitional Small Business Disclosure Format (Check one):      Yes [ ]  No [X]




<page>










                            BONFIRE PRODUCTIONS, INC.

                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                December 31, 2007

                                   (Unaudited)













BALANCE SHEET

STATEMENT OF OPERATIONS

STATEMENT OF CASH FLOWS

STATEMENT OF STOCKHOLDERS' EQUITY

NOTES TO FINANCIAL STATEMENTS



<page>


                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET

<table>
<caption>
                                                                               December 31,         June 30,
                                                                                   2007               2007
                                                                                   ----               ----
                                                                               (Unaudited)          (Audited)

                                                                         <c>                <c>
                                                    ASSETS
                                                    ------
   Current assets
       Cash                                                                  $        25,408    $         16,523
       Prepaid expenses                                                                1,969                   -
                                                                                ------------      --------------
       Total current assets                                                           27,377              16,523

    Property and equipment, net                                                        1,903                   -
    Security deposit                                                                     200                   -
                                                                                ------------      --------------
   Total Assets                                                              $        29,480     $        16,523
                                                                                ============      ==============

                                       LIABILITIES & STOCKHOLDERS' EQUITY
                                       ----------------------------------
Current liabilities
   Accounts payable and accrued liabilities                                  $        11,227     $         6,219
   Due to related parties                                                              2,745               1,986
   Loan payable - related parties                                                     15,517              15,029
                                                                                ------------      --------------
         Total current liabilities                                                    29,489              23,234

 Total Liabilities                                                                    29,489              23,234
                                                                                ------------      --------------

Stockholders' Equity
Capital stock
       75,000,000 shares authorized, $0.001 par value
       6,503,332 shares issued and outstanding
       (June 30, 2007 - 3,500,000)                                                     6,503               3,500
Additional paid in capital                                                            42,047                   -
Deficit accumulated during the development stage                                (     48,559)       (     10,211)
                                                                                ------------        ------------
Total Stockholders' Equity                                                      (          9)       (      6,711)
                                                                                ------------        ------------
Total Liabilities and Stockholders' Equity                                   $        29,480     $        16,523
                                                                                ============        ============
</table>


    The accompanying notes are an integral part of these financial statements

<page>


                                             BONFIRE PRODUCTIONS, INC.
                                           (A Development Stage Company)
                                              STATEMENT OF OPERATIONS
                                                    (Unaudited)
<table>
<caption>

                                                                                                 August 25,2006  August 25,2006
                                                   Three months    Three months       Six months   (Inception)     (Inception)
                                                      Ended           Ended             Ended        through         through
                                                    December 31,    December 31,      December 31,  December 31,   December 31,
                                                       2007            2006              2007          2006           2007
                                                       ----            ----              ----          ----           ----

                                              <c>             <c>              <c>            <c>           <c>
Revenue                                           $           -   $            -   $            - $           - $          -
                                                   ------------    -------------    -------------   -----------   ----------

Expenses:
   Accounting and audit fees                      $       4,800   $            -   $        6,800 $           - $      9,800
   Amortization                                              26                -               26             -           26
   Consulting                                             7,066                -            7,066             -        7,066
   General and Administrative                               619               30            2,753            30        3,380
   Legal                                                      -                -            5,500             -        5,500
   Management                                             2,000            2,000            3,000         2,000        5,000
   Organization costs                                         -                -                -           355          355
   Rent                                                     730                -            1,460             -        2,660
   Transfer agent                                        11,255                -           11,255             -       11,255
   Website development                                        -                -                -             -        3,000
                                                   ------------    -------------    -------------   -----------  -----------
                                                         26,496            2,030           37,860         2,385       48,042
                                                   ------------    -------------    -------------   -----------  -----------

Loss from operations                               (     26,496)   (       2,030)    (     37,860)  (     2,385) (    48,042)
Other income (expense)
   Interest expense                                (        244)               -     (        488)            -  (       517)
                                                   ------------    -------------    -------------   -----------   ----------

Income (loss) before provision for income tax      (     26,740)   (       2,030)    (     38,348)  (     2,385) (    48,559)
Provision for income tax                                      -                -                -             -            -
                                                   ------------    -------------    -------------   -----------   ----------
Net income (loss)                                 $(     26,740)  $(       2,030)  $ (     38,348) $(     2,385) $(   48,559)
                                                   ============    =============    =============   ===========   ==========
Net income (loss) per share                       $(       0.01)  $(        0.01)  $ (       0.01) $(      0.01)
                                                   ============    =============    =============   ===========
Weighted average number of common shares
outstanding                                           5,787,101          342,391        4,643,550       246,094
                                                   ============    =============    =============   ===========
</table>


    The accompanying notes are an integral part of these financial statements

<page>

                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)

<table>
<caption>

                                                                     Six months            August 25, 2006       August 25, 2006
                                                                        Ended            (Inception) through   (Inception) through
                                                                    December 31,             December 31,          December 31,
                                                                        2007                     2006                 2007
                                                                        ----                     ----                 ----

                                                             <c>                       <c>                 <c>
Cash Flows From Operating Activities:
   Net income (loss)                                             $  (     38,348)          $  (      2,385)    $  (     48,559)

   Adjustment to reconcile net income to net
   cash provided by (used for) operating activities:
     Amortization                                                             26                         -                  26
     Prepaid expenses                                               (      1,969)                        -        (      1,969)
     Security deposit                                               (        200)                        -        (        200)
     Accounts payable and accrued
     liabilities                                                           5,008                         -              11,227
      Accounts payable related parties                                       759                       435               2,745
                                                                  --------------             -------------      --------------
          Net cash provided by (used for)
          operating  activities                                     (     34,724)             (      1,950)       (     36,730)
                                                                  --------------             -------------      --------------
Cash Flows From Investing  Activities
     Purchase of fixed assets                                       (      1,929)                        -        (      1,929)
                                                                  --------------             -------------      --------------
        Net cash provided by (used for)
        investing activities                                        (      1,929)                        -        (      1,929)
                                                                  --------------             -------------      --------------

Cash Flows From Financing Activities:
   Loan payable - related party                                              488                         -              15,517
   Proceeds from issuance of common stock                                 45,050                     3,500              48,550
                                                                  --------------             -------------      --------------
          Net cash provided by (used for)
           financing activities                                           45,538                     3,500              64,067
                                                                  --------------             -------------      --------------
Net Increase (Decrease) In Cash                                            8,885                     1,550              25,408

Cash At The Beginning Of The Period                                       16,523                         -                   -
                                                                  --------------             -------------      --------------
Cash At The End Of The Period                                    $        25,408           $         1,550     $        25,408
                                                                  ==============             =============      ==============
Schedule Of Non-Cash Investing And Financing Activities
-------------------------------------------------------
None

Supplemental Disclosure
-----------------------
  Cash paid for:
       Interest                                                  $             -           $             -     $             -
                                                                  ==============             =============      ==============
       Income Taxes                                              $             -           $             -     $             -
                                                                  ==============             =============      ==============
</table>

    The accompanying notes are an integral part of these financial statements

<page>

                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
              August 25, 2006 (Inception) Through December 31, 2007
                                   (Unaudited)
<table>
<caption>
                                                                                                   Deficit
                                                                                                 Accumulated
                                                             Common Shares                       During the
                                                             -------------           Paid In     Development
                                                          Number       Par Value     Capital        Stage         Total
                                                          ------       ---------     -------        -----         -----

                                                   <c>          <c>           <c>           <c>            <c>

Balances, August 25, 2006                                      -    $          -  $         -   $          -   $          -

Issued for cash:
Common stock December, 2006 - at $0.001                3,500,000           3,500            -               -         3,500
Net gain (loss) for the period ended June 30, 2007             -               -            -     (    10,211)  (    10,211)
                                                       ---------     -----------   ----------    ------------   -----------
Balances, June 30, 2007                                3,500,000           3,500            -     (    10,211)  (     6,711)

Issued for cash:
Common stock November, 2007 - at $0.015                3,003,332           3,003       42,047               -        45,050
Net gain (loss)for the period ended December 31, 2007          -               -            -     (    38,348)  (    38,348)
                                                       ---------     -----------   ----------    ------------   -----------
Balances, December 31, 2007                            6,503,332    $      6,503  $    42,047   $ (    48,559) $(         9)
                                                       =========     ===========   ==========    ============   ===========
</table>


    The accompanying notes are an integral part of these financial statements

<page>


                            BONFIRE PRODUCTIONS, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                December 31, 2007
                                   (Unaudited)


Note 1        Nature and Continuance of Operations
              ------------------------------------

              Organization
              ------------
              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 is engaged in recording,  publishing and  distribution
              of the multicultural  stories and fairy tales for children through
              its website www.bonfiretales.com and other internet retailers.

              Going Concern
              -------------
              These  financial  statements have been prepared on a going concern
              basis. The Company has a working capital deficiency of $2,112, and
              has accumulated deficit of $48,559 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.  The
              Company to date has  funded its  initial  operations  through  the
              issuance  of  6,503,332  shares of capital  stock for  proceeds of
              $48,550  and  loans  from  director  in  the  amount  of  $15,000.
              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.

              Unaudited Interim Financial Statements
              --------------------------------------
              The accompanying  unaudited interim financial statements have been
              prepared in  accordance  with  United  States  generally  accepted
              accounting  principles for interim financial  information and with
              the  instructions  to  Form  10-QSB  of  Regulation  S-B.  Certain
              information  and  footnote   disclosures   normally   included  in
              financial   statements  prepared  in  accordance  with  accounting
              principles generally accepted in the United States of America have
              been condensed or omitted  pursuant to such rules and regulations.
              However,  except as disclosed herein,  there have been no material
              changes in the information disclosed in the notes to the financial
              statements  for the year  ended  June  30,  2007  included  in the
              Company's SB-2 filed with the Securities and Exchange  Commission.
              The  interim  unaudited  financial  statements  should  be read in
              conjunction with those financial  statements  included in the Form
              SB-2. In the opinion of  Management,  all  adjustments  considered
              necessary  for a fair  presentation,  consisting  solely of normal
              recurring  adjustments,  have been made. Operating results for the
              six months ended December 31, 2007 are not necessarily  indicative
              of the results  that may be expected  for the year ending June 30,
              2008.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007
(Unaudited) - Page 2


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
              judgement. 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. An impairment charge is recognized
              for the  amount,  if any,  which the  carrying  value of the asset
              exceeds the fair value.

              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.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007
(Unaudited) - Page 3


Note 2        Summary of Significant Accounting Policies - (cont'd)
              ------------------------------------------

              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.

              Net Loss per Share
              ------------------
              Basic loss per share  includes  no  dilution  and is  computed  by
              dividing  loss  available to common  stockholders  by the weighted
              average  number  of  common  shares  outstanding  for the  period.
              Dilutive  losses per share  reflects  the  potential  dilution  of
              securities that could share in the losses of the Company.  Because
              the Company does not have any potentially dilutive securities, the
              accompanying presentation is only of basic loss per share.

              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.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007
(Unaudited) - Page 4

Note 2        Summary of Significant Accounting Policies - (cont'd)
              ------------------------------------------

              Recent Accounting Pronouncements
              --------------------------------
              In  September  2006,  the FASB issued  SFAS No.  157,  "Fair Value
              Measures".  This  Statement  defines  fair  value,  establishes  a
              framework   for  measuring   fair  value  in  generally   accepted
              accounting principles (GAAP), expands disclosures about fair value
              measurements,  and applies under other  accounting  pronouncements
              that require or permit fair value measurements.  SFAS No. 157 does
              not require  any new fair value  measurements.  However,  the FASB
              anticipates  that for some entities,  the  application of SFAS No.
              157 will change  current  practice.  SFAS No. 157 is effective for
              financial  statements  issued for  fiscal  years  beginning  after
              November 15, 2007,  which for the Company would be the fiscal year
              beginning  February 1, 2008.  The Company is currently  evaluating
              the impact of SFAS No. 157 but does not expect that it will have a
              material impact on its financial statements.

              In  September  2006,  the FASB issued  SFAS No.  158,  "Employers'
              Accounting for Defined  Benefit  Pension and Other  Postretirement
              Plans." This Statement  requires an employer to recognize the over
              funded or under funded status of a defined benefit post retirement
              plan (other than a multiemployer plan) as an asset or liability in
              its statement of financial  position,  and to recognize changes in
              that funded  status in the year in which the changes occur through
              comprehensive  income.  SFAS No. 158 is effective for fiscal years
              ending  after  December  15, 2006 which for the  Company  would be
              February  1,  2007.   The   Company   does  not  expect  that  the
              implementation  of SFAS No. 158 will have any  material  impact on
              its financial position and results of operations.

              In  September  2006,  the SEC  issued  Staff  Accounting  Bulletin
              ("SAB")   No.  108,   "Considering   the  Effects  of  Prior  Year
              Misstatements  when  Quantifying  Misstatements  in  Current  Year
              Financial  Statements."  SAB No. 108  addresses how the effects of
              prior year  uncorrected  misstatements  should be considered  when
              quantifying  misstatements  in current year financial  statements.
              SAB No. 108 requires companies to quantify  misstatements  using a
              balance  sheet  and  income  statement  approach  and to  evaluate
              whether  either  approach  results in quantifying an error that is
              material  in  light  of  relevant   quantitative  and  qualitative
              factors.  SAB  No.  108 is  effective  for  periods  ending  after
              November 15, 2006 which for the Company would be February 1, 2007.
              The Company is currently evaluating the impact of adopting SAB No.
              108 but does not expect that it will have a material effect on its
              financial statements.

              In February  2007,  the FASB issued SFAS No. 159,  "The Fair Value
              Option for  Financial  Assets  and  Financial  Liabilities".  This
              Statement  permits  entities to choose to measure  many  financial
              assets and financial  liabilities at fair value.  Unrealized gains
              and  losses  on items for which  the fair  value  option  has been
              elected are  reported in earnings.  SFAS No. 159 is effective  for
              fiscal years  beginning  after  November 15, 2007.  The Company is
              currently  assessing  the impact of SFAS No. 159 on its  financial
              position and results of operations.

<page>

Bonfire Productions, Inc.
(A Development Stage Company)
Notes to Financial Statements
December 31, 2007
(Unaudited) - Page 5


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 six months ended
              December 31, 2007, the Company issued  3,003,332  shares of common
              stock at $0.015 per share for total proceeds of $45,050.

              To  December  31,  2007,  the  Company  has not  granted any stock
              options and has not recorded any stock-based compensation.

Note 4        Related Party Transactions
              --------------------------
a)                The President of the Company provides  management  services to
                  the  Company.  During  the  period  ended  December  31,  2007
                  management  services of $3,000  (June 30, 2007 - $2,000)  were
                  charged to operations.

              b)  During the period  ended June 30, 2007,  the  President of the
                  Company  provided  a  $15,000  loan to the  Company.  The loan
                  payable is unsecured,  bears interest at 6.45% per annum,  and
                  consists of $15,000 of  principal  due on June 19,  2008,  and
                  $517 of accrued interest payable as at December 31, 2007.

              c)  As at December  31,  2007,  the Company  owed $2,745 (June 30,
                  2007 - $1,986) to the  President  of the Company for  expenses
                  incurred on behalf of the Company.

              d)  A director of the Company provides  consulting services to the
                  Company.  During the period ended December 31, 2007 consulting
                  services  of $2,066  (June 30,  2007 - $Nil)  were  charged to
                  operations.



<page>

Forward-Looking Statements
--------------------------
This Form 10-QSB includes "forward-looking statements" within the meaning of the
"safe-harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995.  Such statements are based on management's  current  expectations  and are
subject to a number of factors and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.

All statements  other than  historical  facts  included in this Form,  including
without  limitation,   statements  under  "Plan  of  Operation",  regarding  our
financial  position,  business strategy,  and plans and objectives of management
for the future operations, are forward-looking statements.

Although we believe  that the  expectations  reflected  in such  forward-looking
statements are reasonable,  it can give no assurance that such expectations will
prove to have been correct. Important factors that could cause actual results to
differ materially from our expectations  include, but are not limited to, market
conditions, competition and the ability to successfully complete financing.

Item 2. Plan of Operation

For the next twelve  months our specific  goal will be to record our first three
collections of children's  stories from around the world and begin  promotion of
our website  (www.bonfiretales.com),  where the stories  will be  available  for
purchase and download.  For this purpose,  we will hire a recording  studio that
will source the voice talent, and manage the recording process.  We estimate the
cost of recording 7 stories with an average  duration of 10 minutes with musical
effects and  casting of at least two voice  talent  artists to be  approximately
$8,000. In order to record our current  collections of stories,  we will need to
hire translators to translate our current content into English. We estimate this
will cost approximately $2,000.

We are going to improve our  current  website  (www.bonfiretales.com)  by adding
shopping capabilities and adding the first three collections of recorded stories
on expanded  sections on the  website  for each story.  We estimate  the cost of
these  improvements to be  approximately  $5,000.  We estimate the total monthly
cost of website  maintenance to be $115 per month.  We will dedicate  $10,000 to
marketing and promotion of our website, based on equity financing.  In addition,
we will  optimize  our  website  for  search  engines,  and get listed in online
directories.  As well, we will devote funds to advertisements on parent-oriented
websites such as ivillage.com, parenting.com and todaysparent.com.

As well, we  anticipate  spending an additional  $15,000 on  professional  fees,
general  administrative  costs and  expenditures  associated with complying with
reporting obligations.  Total expenditures over the next 12 months are therefore
expected to be $40,000.

We  anticipate  that  additional  funding will be required in the form of equity
financing  from  the  sale of our  common  stock.  However,  we  cannot  provide
investors  with any assurance that we will be able to raise  sufficient  funding
from the sale of our common stock to fund our marketing plan and operations.  We
believe that debt financing will not be an alternative for funding the marketing
plan. We do not have any arrangements in place for any future equity financing.

Results of Operations For Period Ending December 31, 2007
---------------------------------------------------------
We did not earn any revenues  during the six-month  period  ending  December 31,
2007. During the period ended December 31, 2007, we incurred  operating expenses
in the amount of $38,348.  These operating expenses were comprised of accounting
and audit fees of $6,800, amortization of 24, consulting fees of $7,066, general
and administrative expenses of $2,753, legal fees of $5,500,  management fees of
$3,000,  interest expense of $488, transfer agent expense of $11,255 and rent of
$1,460.

<page>

As at  December  31,  2007,  the  Company  had  assets  totalling  $29,480,  and
liabilities totalling $29,489 for a working capital deficiency of $2,112.

During the period ended June 30, 2007,  the President of the Company  provided a
$15,000 loan to the Company.  The loan payable is unsecured,  bears  interest at
6.45% per annum,  and consists of $15,000 of principal due on June 19, 2008, and
$517 of accrued interest payable as of December 31, 2007.

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 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.

Critical Accounting Policies
----------------------------
Our financial  statements are prepared in accordance with accounting  principles
generally  accepted  in  the  United  States  of  America.  Preparing  financial
statements in accordance with generally accepted accounting  principles requires
management to make estimates and assumptions  which affect the reported  amounts
of  assets  and  liabilities  and  the  disclosure  of  contingent   assets  and
liabilities  at the balance  sheet dates,  and the  recognition  of revenues and
expenses for the reporting periods. These estimates and assumptions are affected
by management's application of accounting policies.

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.

Item 3 Controls and Procedures
------------------------------
Evaluation of Disclosure Controls

We evaluated the  effectiveness of our disclosure  controls and procedures as of
February 1, 2008.  This  evaluation  was  conducted by Alexander  Kulyashov  and
Nadezda  Maximova,  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 disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  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,

<page>

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.

Conclusions

Based upon their  evaluation  of our controls,  Alexander  Kulyashov and Nadezda
Maximova our chief  executive  officer and principal  accounting  officer,  have
concluded that, subject to the limitations noted above, the disclosure  controls
are effective 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.  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.

PART II - OTHER INFORMATION
---------------------------

Item 1. Legal Proceedings
-------------------------
The Company is not a party to any pending legal  proceedings.  Management is not
aware of any threatened litigation, claims or assessments.


Item 2. Changes in Securities
-----------------------------
None.

Item 3. Defaults Upon Senior Securities
---------------------------------------
None.

Item 4. Submission of Matters to a Vote of Security Holders
-----------------------------------------------------------
None.

Item 5. Other Information
-------------------------
None.

Item 6. Exhibits and Report on Form 8-K
---------------------------------------
31.1    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 302 of the Sarbanes-Oxley Act of 2002

31.2    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 302 of the Sarbanes-Oxley Act of 2002

32.1    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002


32.2    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
        Section 906 of the Sarbanes-Oxley Act of 2002

On October 1, 2007 we have filed the Form 8-K  announcing  the  appointment of a
director to the Company's Board of Directors.

SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

Bonfire Productions, Inc.
                                          /s/ Alexander Kulyashov
                                          --------------------------
                                          Alexander Kulyashov
                                          President, Chief Executive
                                          Officer, and Director
                                          Dated: February 5, 2008

                                          /s/ Nadezda Maximova
                                          ---------------------------
                                          Nadezda Maximova
                                          Chief Financial Officer, Secretary
                                          Treasurer, principal accounting
                                          officer and Director
                                          Dated: February 5, 2008