U.S.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM
10-Q



[x] QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



For the
quarterly period ended: December 31, 2010



[ ] TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



Commission
file number: 000-52900



BONANZA
ONE, INC.

(Exact
name of registrant as specified in its charter)



|Nevada                                                             | 26-0378663                              
|------------------------------------------------------------------ | ----------------------------------------
|(State
    or other jurisdiction of incorporation or organization) | (I.R.S.
    Employer Identification No.)



146
Parkside Lane, Mooresville, North Carolina 28117

(Address
of principal executive offices)



(704)
660-0546

(Registrant's
telephone number)



(Former
name, former address and former
fiscal year, if changed since last report)



Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days. S
Yes £ No



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every

Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

£
Yes £ No



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



|Large
    accelerated filer £                                                 | Accelerated
    filer £        
|----------------------------------------------------------------------------- | -------------------------------
|Non-accelerated
    filer £     (Do not check if a smaller reporting company) | Smaller
    reporting company S



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



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



Indicate
by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of
the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. £
Yes  £No



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: At May 17,
2011 there were 1,500,000 shares of common stock outstanding.





(1)









PART
I — FINANCIAL INFORMATION



Item
1. Financial Statements.





|Bonanza One, Inc                                                 
|-----------------------------------------------------------------
|(A Development Stage Company)                                    
|Balance Sheet                                                    
|                                                                 
|                                                                 
|                                                                 
|                                                                 
|ASSETS                                                           
|CURRENT ASSETS:                                                  
|Cash                                                             
|TOTAL CURRENT ASSETS                                             
|                                                                 
|TOTAL ASSETS                                                     
|                                                                 
|LIABILITIES AND STOCKHOLDERS' DEFICIT                            
|CURRENT LIABILITIES:                                             
|Note Payable to a Related Party                                  
|Accrued Interest Payable to a Related Party                      
|TOTAL CURRENT LIABILITIES                                        
|                                                                 
|TOTAL LIABILITIES                                                
|                                                                 
|STOCKHOLDERS' DEFICIT                                            
|Preferred stock ($0.0001 par value; 10,000,000 shares authorized;
|no shares issued and outstanding)                                
|Common stock ($0.0001 par value; 100,000,000 shares authorized:  
|1,500,000 issued and outstanding)                                
|Paid in Capital                                                  
|Deficit Accumulated During Development Stage                     
|TOTAL STOCKHOLDERS' DEFICIT                                      
|                                                                 
|TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                      







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





(2)









|Bonanza One, Inc.                                     
|------------------------------------------------------
|(A Development Stage Company)                         
|Statement of Operations (Unaudited)                   
|                                                      
|                                                      
|                                                      
|                                                      
|REVENUES:                                             
|Revenues                                              
|Total Revenue                                         
|                                                      
|EXPENSES:                                             
|Selling, general and administrative                   
|Professional Fees                                     
|Total Expenses                                        
|                                                      
|OTHER INCOME/(EXPENSE)                                
|Interest Expense-Related Party                        
|Total Other Income/(Expense)                          
|                                                      
|NET (LOSS)                                            
|                                                      
|Basic and fully diluted net loss per
    common share:
|                                                      
|Weighted average common shares outstanding            
|                                                      
|*--less than $ (.01)                                  











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





(3)









|Bonanza
    One, Inc.                  
|---------------------------------------
|(A
    Development Stage Company)      
|Statement
    of Operations (Unaudited)
|                                       



|                                                   |  | For the 6 months ended |           | Cumulative Total
|-------------------------------------------------- |  | ---------------------- | --------- | ----------------
|                                                   |  | December 31,           |           | Since Inception 
|                                                   |  | 2010                   |           | 2009            
|REVENUES:                                          |  |                        |           |                 
|Income                                             |  | $                      | —         |                 
|Total Revenue                                      |  |                        | —         |                 
|                                                   |  |                        |           |                 
|EXPENSES:                                          |  |                        |           |                 
|Selling, general and administrative                |  |                        | 686       |                 
|Professional Fees                                  |  |                        | 10,920    |                 
|Total Expenses                                     |  |                        | 11,606    |                 
|                                                   |  |                        |           |                 
|OTHER INCOME/(EXPENSE)                             |  |                        |           |                 
|Interest Expense                                   |  |                        | (1,614    | )               
|Total Other Income/(Expense)                       |  |                        | (1,614    | )               
|                                                   |  |                        |           |                 
|NET (LOSS)                                         |  | $                      | (13,220   | )               
|                                                   |  |                        |           |                 
|Basic and fully diluted net loss per common share: |  | $                      | (0.01     | )               
|                                                   |  |                        |           |                 
|Weighted average common shares outstanding         |  |                        | 1,500,000 |                 





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





(4)











|Bonanza
    One, Inc.                             
|--------------------------------------------------
|(A
    Development Stage Company)                 
|Statement
    of Stockholders' Deficit (Unaudited)
|                                                  



|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|---------------------------------- |  | ------------ | --------- | --------------- |  | ------- | --- | ---------- |  | ------- | - | -----------
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|                                   |  |              |           |                 |  |         |     | Additional |  |        
|                                   |  | Common Stock |           | Preferred stock |  | Paid-in |     | Deficit   
|                                   |  | Shares       |           | Amount          |  | Shares  |     | Amount     |  | Capital |   | Accumulated
|Balances, June 5, 2007 (inception) |  | $            | —         |                 |  | $       | —   |            |  | $       | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Net loss for the year              |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Issuance of common shares          |  |              | 1,500,000 |                 |  |         | 150 |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Balances, June 30, 2008            |  |              | 1,500,000 |                 |  | $       | 150 |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Net loss for the year              |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Issuance of common shares          |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Balances, June 30, 2009            |  |              | 1,500,000 |                 |  | $       | 150 |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Net loss for the year              |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Return of shares issued            |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Balances, June 30, 2010            |  |              | 1,500,000 |                 |  | $       | 150 |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Net loss for the period            |  |              | —         |                 |  |         | —   |            |  |         | — |            
|                                   |  |              |           |                 |  |         |     |            |  |         |   |            
|Balances, December 31, 2010        |  |              | 1,500,000 |                 |  |         | 150 |            |  |         | — |            



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





(5)









|Bonanza
    One, Inc.                  
|---------------------------------------
|(A
    Development Stage Company)      
|Statement
    of Cash Flows (Unaudited)
|                                       







|                                                                     |  |                          |         |                   |  |                  
|-------------------------------------------------------------------- |  | ------------------------ | ------- | ----------------- |  | -----------------
|                                                                     |  |                          |         |                   |  |                  
|                                                                     |  |                          |         |                   |  | Cumulative Totals
|                                                                     |  | For the six months ended |         | Since Inception  
|                                                                     |  | December 31, 2010        |         | December 31, 2009 |  | June 5, 2007     
|CASH FLOWS FROM OPERATING ACTIVITIES:                                |  |                          |         |                   |  |                  
|Net (loss)                                                           |  | $                        | (13,220 | )                 |  | $                
|Adjustments to reconcile net (loss) to net cash (used in) operations |  |                          |         |                   |  |                  
|Changes in Assets and Liabilities:                                   |  |                          |         |                   |  |                  
|Increase in Accrued Interest Expense-Related Party                   |  |                          | 1,615   |                   |  |                  
|NET CASH (USED IN) OPERATING ACTIVITIES                              |  |                          | (11,605 | )                 |  |                  
|                                                                     |  |                          |         |                   |  |                  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                |  |                          |         |                   |  |                  
|Proceeds from Note Payable-Related Party                             |  |                          | 12,732  |                   |  |                  
|Issuance of shares                                                   |  |                          | —       |                   |  |                  
|NET CASH PROVIDED BY FINANCING ACTIVITIES                            |  |                          | 12,732  |                   |  |                  
|                                                                     |  |                          |         |                   |  |                  
|CASH AND CASH EQUIVALENTS,                                           |  |                          |         |                   |  |                  
|BEGINNING OF THE PERIOD                                              |  |                          | 966     |                   |  |                  
|                                                                     |  |                          |         |                   |  |                  
|END OF THE PERIOD                                                    |  | $                        | 2,093   |                   |  | $                
|                                                                     |  |                          |         |                   |  |                  
|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                   |  |                          |         |                   |  |                  
|CASH PAID DURING THE PERIOD FOR:                                     |  |                          |         |                   |  |                  
|Interest                                                             |  | $                        | —       |                   |  | $                
|Taxes                                                                |  | $                        | —       |                   |  | $                









(6)









BONANZA
ONE, INC.

(A
DEVELOPMENT STAGE COMPANY)

NOTES
TO FINANCIAL STATEMENTS



NOTE
A- ORGANIZATION, BUSINESS, AND OPERATIONS



Business
Activity- Bonanza One, Inc. (“The Company”) was organized under the laws of the State of Nevada on June 5, 2007
as a corporation with a year end of June 30. The Company’s objective is to acquire or merge with a target business or company
in a business combination.



NOTE
B—GOING CONCERN



The
accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets
and discharge its liabilities in the normal course of business.  As reflected in the accompanying financial statements,
the Company has a deficit accumulated during the development stage of $53,856, used cash from operations of $46,789 since its
inception, and has a working capital deficiency of $53,706 at December 31, 2010.



The
Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations
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 Company’s ability to continue as a going concern is also dependent on its ability to
find a suitable target company and enter into a possible reverse merger with such company.  Management’s plan
includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances; however
there is no assurance of additional funding being available.  These circumstances raise substantial doubt about the
Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that
might arise as a result of this uncertainty.



NOTE
C—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis
of Presentation- The financial statements included herein were prepared under the accrual basis of accounting.



Cash
and Cash Equivalents- For purposes of the Statement of Cash Flows, the Company considers liquid investments with an original
maturity of three months or less to be cash equivalents.



Management’s
Use of Estimates- The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts
of revenue and expenses during the reporting period. Actual results could differ from those estimates. The financial statements
above reflect all of the costs of doing business.



Revenue
Recognition- The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition.
The Company recognizes revenue when it is realized or realizable and earned less estimated future doubtful accounts. The Company
considers revenue realized or realizable and earned when all of the following criteria are met:



(i)    
 persuasive evidence of an arrangement exists,

(ii)  
 the services have been rendered and all required milestones achieved,

(iii)
the sales price is fixed or determinable, and

(iv) 
 collectability is reasonably assured.



Comprehensive
Income (Loss) - The Company reports Comprehensive income and its components following guidance set forth by section 220-10
of the FASB Accounting Standards Codification which establishes standards for the reporting and display of comprehensive income
and its components in the financial statements. There were no items of comprehensive income (loss) applicable to the Company during
the period covered in the financial statements.





(7)









BONANZA
ONE, INC.

(A
DEVELOPMENT STAGE COMPANY)

NOTES
TO FINANCIAL STATEMENTS





NOTE
C—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)



Net
Income per Common Share- Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards
Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock
outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares
of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares
outstanding as of December 31, 2010.



Deferred
Taxes- The Company accounts for income taxes under Section 740-10-30 of the FASB Accounting Standards Codification. Deferred
income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets
and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected
to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than
not that the assets will not be realized. 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. The effect
on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that
includes the enactment date.



Fair
Value of Financial Instruments- The carrying amounts reported in the balance sheet for cash, accounts receivable and payable
approximate fair value based on the short-term maturity of these instruments.



Impairment
of Long-Lived Assets- The Company evaluates the recoverability of its fixed assets and other assets in accordance with section
360-10-15 of the FASB Accounting Standards Codification for disclosures about Impairment or Disposal of Long-Lived Assets. Disclosure
requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash
flows. If so, it is considered to be impaired and is written down to fair value, which is determined based on either discounted
future cash flows or appraised values. The Company adopted the statement on inception. No impairments of these types of assets
were recognized during the quarter ended December 31, 2010.



Stock-Based
Compensation- The Company accounts for stock-based compensation using the fair value method following the guidance set forth
in section 718-10 of the FASB Accounting Standards Codification for disclosure about Stock-Based Compensation. This section requires
a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the
grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee
is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation
cost is recognized for equity instruments for which employees do not render the requisite service.



Fair
Value for Financial Assets and Financial Liabilities- The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards
Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards
Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37
establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S.
GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements
and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques
used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted)
in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair
value hierarchy defined by Paragraph 820-10-35-37 are described below:





|Level
    1 | Quoted
    market prices available in active markets for identical assets or liabilities as of the reporting date.                                                 
|----------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |                                                                                                                                                                    
|Level
    2 | Pricing
    inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of
    the reporting date.
|            |                                                                                                                                                                    
|Level
    3 | Pricing
    inputs that are generally observable inputs and not corroborated by market data.                                                                       





(8)







BONANZA
ONE, INC.

(A
DEVELOPMENT STAGE COMPANY)

NOTES
TO FINANCIAL STATEMENTS



NOTE
C- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)



The
carrying amounts of the Company’s financial assets and liabilities, such as cash and accrued expenses, approximate their
fair values because of the short maturity of these instruments. The Company’s note payable approximates the fair value of
such instrument based upon management’s best estimate of interest rates that would be available to the Company for similar
financial arrangement at December 31, 2010.



The
Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently,
the Company did not have any fair value adjustments for assets and liabilities measured at fair value at December 31, 2010, nor
gains or losses are reported in the statement of operations that are attributable to the change in unrealized gains or losses
relating to those assets and liabilities still held at the reporting date for the quarter ended December 31, 2010.



Recent
Accounting Pronouncements



In
March 2010, the FASB issued Accounting Standard Update No. 2010-11 “Derivatives and Hedging” (Topic 815). ASU No.
2010-11 update provides amendments to subtopic 815-15, Derivatives and hedging. The amendments clarify about the scope exception
in paragraph 815-10-15-11 and section 815-15-25 as applicable to the embedded credit derivatives. The ASU is effective on the
first day of the first fiscal quarter beginning after June 15, 2010. Therefore, for a calendar-year-end entity, the ASU becomes
effective on July 1, 2010. Early application is permitted at the beginning of the first fiscal quarter beginning after March 5,
2010



In
April 2010, the FASB issued Accounting Standard Update No. 2010-12. “Income Taxes” (Topic 740). ASU No.2010-12 amends
FASB Accounting Standard Codification subtopic 740-10 Income Taxes to include paragraph 740-10-S99-4. On March 30, 2010 The President
signed the Health Care & Education Affordable Care Act reconciliation bill that amends its previous Act signed on March 23,
2010. FASB Codification topic 740, Income Taxes, requires the measurement of current and deferred tax liabilities and assets to
be based on provisions of enacted tax law. The effects of future changes in tax laws are not anticipated.” Therefore, the
different enactment dates of the Act and reconciliation measure may affect registrants with a period-end that falls between March
23, 2010 (enactment date of the Act), and March 30, 2010 (enactment date of the reconciliation measure). However, the announcement
states that the SEC would not object if such registrants were to account for the enactment of both the Act and the reconciliation
measure in a period ending on or after March 23, 2010, but notes that the SEC staff “does not believe that it would be appropriate
for registrants to analogize to this view in any other fact patterns.”



In
April 2010, the FASB issued Accounting Standard Update No. 2010-13 “Stock Compensation” (Topic 718). ASU No.2010-13
provides amendments to Topic 718 to clarify that an employee share-based payment award with an exercise price denominated in the
currency of a market in which a substantial portion of the entity's equity securities trades should not be considered to contain
a condition that is not a market, performance, or service condition. Therefore, an entity would not classify such an award as
a liability if it otherwise qualifies as equity. The amendments in this Update are effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2010. The amendments in this Update should be applied by recording
a cumulative-effect adjustment to the opening balance of retained earnings. The cumulative-effect adjustment should be calculated
for all awards outstanding as of the beginning of the fiscal year in which the amendments are initially applied, as if the amendments
had been applied consistently since the inception of the award. The cumulative-effect adjustment should be presented separately.
Earlier application is permitted.



In
April 2010, the FASB issued Accounting Standards Update No.2010-14, “Accounting for Extractive Activities – Oil &
Gas” (Topic 932). ASU No. 2010-14 amends FASB accounting Standard paragraph 932-10-S99-1 due to SEC release no. 33-8995
[FR 78], Modernization of Oil and Gas Reporting and provides update as to amendments to SEC Regulation S-X, Rule 4-10.



In
April 2010, the FASB issued Accounting Standard Update No. 2010-15. “Financial Services-Insurance” (Topic 944) ASU
No.2010-15 gives direction on how investments through separate accounts affect an insurer’s consolidation analysis of those
investments. Under the ASU: an insurance entity should not consider any separate account interests held for the benefit of policy
holders in an investment to be the insurer's interests and should not combine those interests with its general account interest
in the same investment when assessing the investment for consolidation, unless the separate account interests are held for the
benefit of a related party policy holder as defined in the Variable Interest Entities Subsections of Subtopic 810-10 and those
Subsections require the consideration of related parties. The amendments in this Update are effective for fiscal years, and interim
periods within those fiscal years, beginning after December 15, 2010. Early adoption is permitted. The amendments in this Update
should be applied retrospectively to all prior periods upon the date of adoption.





(9)







BONANZA
ONE, INC.

(A
DEVELOPMENT STAGE COMPANY)

NOTES
TO FINANCIAL STATEMENTS







NOTE
D-SUPPLEMENTAL CASH FLOW INFORMATION



Supplemental
disclosures of cash flow information for the quarters ended December 31, 2010 and 2009 is summarized as follows:



Cash
paid during the quarters ended December 31, 2010 and 2009 for interest and income taxes:



|         |  |   | 2010 |  |  |   | 2009 | 
|-------- |  | - | ---- |  |  | - | ---- | 
|Interest |  | $ | —    |  |  | $ | —    | 
|Taxes    |  | $ | —    |  |  | $ | —    | 



NOTE
E-SEGMENT REPORTING



The
Company follows the guidance set forth by section 280-10 of the FASB Accounting Standards Codification for reporting and disclosure
on operating segments of the Company. It also requires segment disclosures about products and services, geographic areas, and
major customers. The Company determined that it did not have any separately reportable operating segments as of December 31, 2010.



NOTE
F-INCOME TAXES



Due
to the operating loss and the inability to recognize an income tax benefit there is no provision for current or deferred federal
or state income taxes for six months ended December 31, 2010.



Deferred
income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amount used for federal and state income tax purposes.



The
Company’s total deferred tax asset, calculated using federal and state effective tax rates, as of December 31, 2010 is as
follows:



|Total Deferred Tax Asset |  | $ | 13,816  |  
|------------------------ |  | - | ------- | -
|Valuation Allowance      |  |   | (13,816 | )
|Net Deferred Tax Asset   |  |   | —       |  



The
reconciliation of income taxes computed at the federal statutory income tax rate to total income taxes for the period from inception
through June 30, 2010 and 2009 is as follows:



|                                                  |  | 2010 |     | 2009
|------------------------------------------------- |  | ---- | --- | ----
|Income tax computed at the federal statutory rate |  |      | 34  | %   
|State income tax, net of federal tax benefit      |  |      | 0   | %   
|Total                                             |  |      | 34  | %   
|Valuation allowance                               |  |      | -34 | %   
|Total deferred tax asset                          |  |      | 0   | %   





(10)







BONANZA
ONE, INC.

(A
DEVELOPMENT STAGE COMPANY)

NOTES
TO FINANCIAL STATEMENTS





NOTE
F-INCOME TAXES (CONTINUED)



Because
of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance. The valuation
allowance increased by approximately $5,089 and $3,266 for the six months ending December 31, 2010 and 2009, respectively.



As
of December 31, 2010, the Company had a federal and state net operating loss carry forward in the amount of approximately $ 40,636,
which expires in the year ending June 30, 2030.



NOTE
G-COMMITMENTS



As
of December 31, 2010, the Company had no commitments.



NOTE
H-CAPITAL STOCK



The
Company is authorized to issue 100,000,000 common shares at $0.0001 par value per share.



During
the six months ended December 31, 2010 and 2009, the Company issued no common stock.



As
of December 31, 2010, the Company has the following shares of common stock outstanding:



|Name         |  | Number of common shares
|------------ |  | -----------------------
|John Holcomb |  |                        
|             |  |                        





The
Company is authorized to issue 10,000,000 preferred shares at $0.0001 per share.



During
the six months ended December 31, 2010 and 2009, the Company issued no preferred stock. No shares of preferred stock have been
issued as of December 31, 2010.



NOTE
I-DEVELOPMENT STAGE COMPANY



The
Company is in the development stage as of December 31, 2010 and to date has had no significant operations. Recovery of the Company
assets is dependent on future events, the outcome of which is indeterminable. In addition, successful completion of the Company’s
development program and its transition, ultimately, to attaining profitable operations is dependent upon obtaining adequate financing
to fulfill its development activities and achieving a level of sales adequate to support the Company’s cost structure.



NOTE
J—NOTE PAYABLE



The
Company has the following promissory notes outstanding:



Two
notes payable to related parties in the amount of $48,732 bearing interest at 8% per annum and payable on demand.



The
interest accrued, but not paid as of December 31, 2010 is $7,067.





(11)









Item
2. Management’s Discussion and Analysis or Plan of Operation.



Overview.



Bonanza
One, Inc. (“we,” “us” or the “Company”) was organized in the State of Nevada on June 5, 2007.
We are a developmental stage company and have not generated any revenues to date. We were organized to serve as a vehicle for
a business combination through a capital stock exchange, merger, reverse acquisition, asset acquisition or other similar business
combination (a “Business Combination”) with an operating or development stage business (the “Target Business”)
which desires to utilize our status as a reporting company under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). We are in the process of identifying and evaluating targets for a Business Combination. We are not presently engaged
in, and will not engage in, any substantive commercial business operations unless and until we consummate a Business Combination.



Our
management has broad discretion with respect to identifying and selecting a prospective Target Business. We have not established
any specific attributes or criteria (financial or otherwise) for prospective Target Businesses. Our sole officer and director
has never served as an officer or director of a development stage public company with the business purpose of entering into a
transaction such as that contemplated by our Company. Accordingly, he may not successfully identify a Target Business or conclude
a Business Combination.



We
cannot assure you that we will be successful in concluding a Business Combination. We will not realize any revenues or generate
any income unless and until we successfully merge with or acquire an operating business that is generating revenues and otherwise
is operating profitably.  Moreover, we can offer no guarantee that the Company will achieve long-term or immediate short-term
earnings from any Business Combination.



Any
entity with which we enter into a Business Combination will be subject to numerous risks in connection with its operations. To
the extent we affect a Business Combination with a financially unstable company or an entity in its early stage of development
or growth, including entities without established records of sales or earnings, we may be affected by numerous risks inherent
in the business and operations of financially unstable and early stage or potential emerging growth companies. If we consummate
a Business Combination with a foreign entity, we will be subject to all of the risks attendant to foreign operations. Although
our management will endeavor to evaluate the risks inherent in a particular Target Business, we cannot assure you that we will
properly ascertain or assess all significant risk factors.



We
expect that in connection with any Business Combination, we will issue a significant number of shares of our common stock (equal
to at least 80% of the total number of shares outstanding after giving effect to the transaction and likely a significantly higher
percentage) in order to ensure that the Business Combination qualifies as a tax-free reorganization under federal tax laws. The
issuance of additional shares of our capital stock will:



- significantly
reduce the equity interest of our stockholders prior to the transaction; and



- cause a change
in control of our Company and likely result in the resignation or removal of our officers and directors as of the date of the
transaction.



(12)









Our
management anticipates that our Company likely will affect only one Business Combination, due primarily to our financial resources
and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management's
plan to offer a controlling interest to a Target Business in order to achieve a tax-free reorganization. This lack of diversification
should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one
venture against potential gains from another.



Liquidity
and Capital Resources.



At
December 31, 2010, we had $2.093 of cash on hand. Our available cash reserves will not be sufficient to cover our operating costs
and expenses over the next twelve months, which we anticipate will comprise costs and expenses incurred in connection with the
preparation and filing of reports under the Exchange Act, the identification and evaluation of targets for a Business Combination
and, possibly, costs and expenses in connection with a Business Combination. Over the next twelve months, we estimate that we
will incur costs and expenses in connection with the preparation and filing of reports under the Exchange Act of approximately
$15,000. We are unable to provide an estimate of the costs we may incur in connection with identifying and evaluating Targets
Businesses or costs we may incur in connection with entering into a Business Combination given the multitude of variables associated
with such activities.



To
date, we have funded our operations through loans from our stockholder, who is our sole officer and director, and, as of December
31, 2010, we had borrowed the aggregate principal of $48,882 from him, including $12,732 during the six months then ended. Our
stockholder has advised us orally that he expects to fund additional costs and expenses that we will incur through loans or further
investment in the Company, as and when necessary. However, our stockholders are under no obligation to provide such funding.



We
cannot provide investors with any assurance that we will have sufficient capital resources to identify a suitable Target Business,
to conduct effective due diligence as to any Target Business or to consummate a Business Combination. As a result of our negative
working capital, our losses since inception, and failure to generate revenues from operations, our financial statements include
a note in which our auditor has expressed doubt about our ability to continue as a "going concern."



Results
of Operations.



Since
our inception, we have not generated any revenues. We reported a net loss for the three and six months ended December 31, 2010
of $1,986 and $13,220, respectively, and a net loss since inception of $53,856. The Company has a deficit accumulated during the
development stage of $53,856, used cash from operations of $46,789 since its inception, and has a working capital deficit of $53,706
at December 31, 2010.



We
do not expect to engage in any activities, other than seeking to identify a Target Business, unless and until such time as we
enter into a Business Combination, if ever. We cannot provide investors with any assessment as to the nature of a Target Business’s
operations or speculate as to the status of its products or operations, whether at the time of the Business Combination it will
be generating revenues or its future prospects.



(13)









Item
3. Quantitative and Qualitative Disclosures About Market Risk.



Not
applicable.



Item
4(T). Controls and Procedures.



Evaluation
of Disclosure Controls and Procedures



As
of December 31, 2010, the Company’s management carried out an evaluation, under the supervision and with the participation
of the Company’s Chief Executive Officer, who is the Company’s principal executive officer and principal financial
officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined
in Rules 13a-15 and 15d-15 under the Exchange Act), pursuant to Exchange Act Rule 13a-15. Based on such evaluation, the Company’s
Chief Executive Officer has concluded that the Company's disclosure controls and procedures were effective.



Changes
in Internal Controls



There
have been no changes in the Company’s internal control over financial reporting (as defined in Rules 13a-15 and 15d-15 under
the Exchange Act) during the three months ended December 31, 2010 that have materially affected, or are reasonably likely to materially
affect, the Company’s internal control over financial reporting.



(14)









PART
II — OTHER INFORMATION



Item
1. Legal Proceedings.



The
Company is not a party to any legal proceeding or litigation.



Item
1A. Risk Factors.



Smaller
reporting companies are not required to provide the information required by this item.



Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.



(a)
During the three months ended December 31, 2010, the Company did not issue any securities.



(b)
Not applicable.



(c)
During the three months ended December 31, 2010, neither the issuer nor any "affiliated purchaser," as defined in Rule
10b-18(a)(13), purchased any shares or other units of any class of the issuer's equity securities.



Item
3. Defaults Upon Senior Securities.



None.



Item
4. (Removed and Reserved)





Item
5. Other Information.



(a)
None.



(b)
The Company has not adopted any procedures by which security holders may recommend nominees to the registrant's board of directors.



Item
6. Exhibits.



|Exhibit | Description                                                                                                                                                                                       
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1    | Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quart      
|        |                                                                                                                                                                                                   
|32.1*   | Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 200



* Pursuant
to Commission Release No. 33-8238, this certification will be treated as “accompanying” this Quarterly Report
on Form 10-Q and not “filed” as part of such report for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liability of Section 18 of the Securities Exchange Act of 1934, as amended,
and this certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Securities Exchange Act of 1934, as amended, except to the extent that the registrant specifically incorporates
it by reference.



(15)









SIGNATURES



Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused the report to be signed
on its behalf by the undersigned thereunto duly authorized.



|                       |       | BONANZA
                                                                      ONE, INC.                                                         
|---------------------- | ----- | ------------------------------------------------------------------------------------------------------------------------------------------------
|Date: May 17,
    2011 | By:   | /s/
    John Holcomb                                                                                                                            
|                       | Name: | John
    Holcomb                                                                                                                                
|                       | Title | President.
                                                          Principal Executive Officer
        and
        Principal Financial Officer