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: ~~March 31~~September 30, 2011

[ ] 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. ý ~~SYes £~~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).

£ý 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 Sý

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

~~APPLICABLE~~State ~~ONLY TO~~the ~~ISSUERS~~number ~~INVOLVED~~of INshares ~~BANKRUPTCY~~outstanding of each of the issuer's classes ~~PROCEEDINGS~~of ~~DURING~~common ~~THE~~equity, ~~PRECEDING~~as ~~FIVE~~of ~~YEARS~~the latest practicable date: At November 17, 2011 there were 1,500,000 shares of common stock outstanding.

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 20, 2011 there were 1,500,000 shares of common stock outstanding.

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements.

Bonanza One, Inc.
(A Development Stage Company)
Balance Sheet
	As of
	March 31, 2011			June 30, 2010
	(Unaudited)			(Audited)
ASSETS
CURRENT ASSETS:
Cash	$	2,161		$	966
TOTAL CURRENT ASSETS		2,161			966
TOTAL ASSETS	$	2,161		$	966
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Note Payable to a Related Party	$	50,295		$	36,000
Accrued Interest Payable to a Related Party		8,075			5,452
TOTAL CURRENT LIABILITIES		58,370			41,452
TOTAL LIABILITIES		58,370			41,452
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)		150			150
Paid in Capital		—			—
Deficit Accumulated During Development Stage		(56,359	)		(40,636	)
TOTAL STOCKHOLDERS' DEFICIT		(56,209	)		(40,486	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	2,161		$	966

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

(1)

Bonanza One, Inc.
(A Development Stage Company)
Statement of Operations (Unaudited)
	For the three months ended						Cumulative Total
	March 31,						Since Inception
	2011			2010			June 5, 2007
REVENUES:
Revenues	$	—		$	—		$	—
Total Revenue		—			—			—
EXPENSES:
Selling, general and administrative		—			—			1,918
Professional Fees		—			2,549			46,367
Total Expenses		—			2,549			48,285
OTHER INCOME/(EXPENSE)
Interest Expense-Related Party		(1,009	)		(569	)		(8,074	)
Total Other Income/(Expense)		(1,009	)		(569	)		(8,074	)
NET (LOSS)	$	(1,009	)	$	(3,118	)	$	(56,359	)
Basic and fully diluted net loss per common share:		*			*			*
Weighted average common shares outstanding		1,500,000			1,500,000			1,500,000
*--less than $ (.01)

PART I — FINANCIAL INFORMATION

~~The~~Item ~~accompanying notes~~1. ~~are~~Financial ~~an integral part of these financial statements~~Statements.

(2)

Bonanza One, Inc.
(A Development Stage Company)
Balance Sheets

	As of
	September 30, 2011	June 30, 2011
	(Unaudited)	(Audited)
ASSETS
CURRENT ASSETS:
Cash	$ 221	$ 1,251
TOTAL CURRENT ASSETS	221	1,251

TOTAL ASSETS	$ 221	$ 1,251

LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Note payable to a related party	$ 60,695	$ 50,295
Accrued interest payable to a related party	10,178	9,118
TOTAL CURRENT LIABILITIES	70,873	59,413

TOTAL LIABILITIES	70,873	59,413

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)	150	150
Additional paid in capital	-	-
Deficit accumulated during development stage	(70,802)	(58,312)
TOTAL STOCKHOLDERS' DEFICIT	(70,652)	(58,162)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 221	$ 1,251



The accompanying notes are an integral part of these financial statements

~~Bonanza One, Inc.~~ (~~A Development Stage Company~~2) ~~Statement of Operations (Unaudited)~~

		For the 9 months ended						Cumulative Total
Bonanza One, Inc.
		March 31,						Since Inception
(A Development Stage Company)
		2011			2010			June 5, 2007
Statements of Operations (Unaudited)
REVENUES:
	For the three months ended		Cumulative Total
Income		$	—		$	—		$	—
	September 30,		Since Inception
Total Revenue			—			—			—
	2011	2010	June 5, 2007
EXPENSES:
REVENUES:
Selling, general and administrative			686			250			1,918
Revenues	$ -	$ -	$ -
Professional Fees			12,415			9,293			46,367
Total revenue	-	-	-
Total Expenses			13,101			9,543			48,285
EXPENSES:
OTHER INCOME/(EXPENSE)
Selling, general and administrative	520	-	2,448
Interest Expense			(2,622	)		(1,487	)		(8,074	)
Professional fees	10,910	4,115	58,177
Total Other Income/(Expense)			(2,622	)		(1,487	)		(8,074	)
Total expenses	11,430	4,115	60,625
NET (LOSS)		$	(15,723	)	$	(11,030	)	$	(56,359	)
OTHER INCOME/(EXPENSE)
Basic and fully diluted net loss per common share:			*			*			*
Interest expense	(1,060)	(715)	(10,177)
Weighted average common shares outstanding			1,500,000			1,500,000			1,500,000
Total other income/(expense)	(1,060)	(715)	(10,177)
*--less than $ (.01)
NET (LOSS)	$ (12,490)	$ (4,830)	$ (70,802)
Basic and fully diluted net loss per common share:	$ (0.01)	*	$ (0.05)
Weighted average common shares outstanding	1,500,000	1,500,000	1,500,000
*=less than $0.01
The accompanying notes are an integral part of these financial statements

~~The accompanying notes are an integral part of these financial statements.~~(3)

(3)

Bonanza One, Inc.
(A Development Stage Company)
Statements of Cash Flows (Unaudited)


			Cumulative Totals
	For the three months ended		Since Inception
	September 30, 2011	September 30, 2010	June 5, 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (12,490)	$ (4,830)	$ (70,802)
Adjustments to reconcile net (loss) to net cash (used in) operations
Changes in assets and liabilities:
Increase in accrued interest expense-related party	1,060	715	10,178
NET CASH (USED IN) OPERATING ACTIVITIES	(11,430)	(4,115)	(60,624)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from note payable-related party	10,400	3,200	63,132
Repayments of note payable-related party	-	-	(2,437)
Issuance of shares	-	-	150
NET CASH PROVIDED BY FINANCING ACTIVITIES	10,400	3,200	60,845

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,030)		221

CASH AND CASH EQUIVALENTS,
BEGINNING OF THE PERIOD	1,251	966	-

END OF THE PERIOD	$ 221	$ 51	$ 221

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
CASH PAID DURING THE PERIOD FOR:
Interest	$ -	$ -	$ -
Taxes	$ -	$ -	$ -





The accompanying notes are an integral part of these financial statements

~~Bonanza One, Inc.~~ (~~A Development Stage Company~~4) ~~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		—		—		—		—		—		(16,176	)
Issuance of common shares		1,500,000		150		—		—		—		—
Balances, June 30, 2008		1,500,000	$	150		—	$	—	$	—	$	(16,176	)
Net loss for the year		—		—		—		—		—		(9,491	)
Issuance of common shares		—		—		—		—		—		—
Balances, June 30, 2009		1,500,000	$	150		—	$	—	$	—	$	(25,667	)
Net loss for the year		—		—		—		—		—		(14,969	)
Return of shares issued		—		—		—		—		—		—
Balances, June 30, 2010		1,500,000	$	150		—	$	—	$	—	$	(40,636	)
Net loss for the period		—		—		—		—		—		(15,723	)
Balances, March 31, 2011		1,500,000		150		—		—	$	—	$	(56,359	)

BONANZA ONE, INC.

~~The~~NOTES ~~accompanying notes~~TO ~~are~~THE anUNAUDITED ~~integral~~FINANCIAL ~~part of these financial statements.~~STATEMENTS

~~(4)~~AS OF SEPTEMBER 30, 2011

~~Bonanza~~NOTE ~~One, Inc. (~~A- ~~Development~~ORGANIZATION, ~~Stage~~BUSINESS, ~~Company)~~AND ~~Statement of Cash Flows (Unaudited)~~OPERATIONS

							Cumulative Totals
	For the 9 months ended						Since Inception
	March 31, 2011			March 31, 2010			June 5, 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$	(15,723	)	$	(11,030	)	$	(56,359	)
Adjustments to reconcile net (loss) to net cash (used in) operations
Changes in Assets and Liabilities:
Increase in Accrued Interest Expense-Related Party		2,623			918			8,075
NET CASH (USED IN) OPERATING ACTIVITIES		(13,100	)		(10,112	)		(48,284	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Note Payable-Related Party		14,295			6,000			50,295
Issuance of shares		—			—			150
NET CASH PROVIDED BY FINANCING ACTIVITIES		14,295			6,000			50,445
CASH AND CASH EQUIVALENTS,
BEGINNING OF THE PERIOD		966			3,028			—
END OF THE PERIOD	$	2,161		$	(1,084	)	$	2,161
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
CASH PAID DURING THE PERIOD FOR:
Interest	$	—		$	—		$	—
Taxes	$	—		$	—		$	—

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.

~~The~~NOTE ~~accompanying notes~~B—GOING ~~are an integral part of these financial statements.~~CONCERN

~~(5)~~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 $70,802, used cash from operations of $60,625 since its inception, and has a working capital deficiency of $70,652 at September 30, 2011.

~~BONANZA~~ The ~~ONE,~~Company’s ~~INC~~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.

~~NOTES~~NOTE TOC—SUMMARY ~~THE~~OF ~~UNAUDITED~~SIGNIFICANT ~~FINANCIAL STATEMENTS~~ACCOUNTING POLICIES

ASBasis OFof ~~MARCH~~Presentation- ~~31,~~The ~~2011~~financial statements included herein were prepared under the accrual basis of accounting.

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

~~Business Activity-~~Management’s ~~Bonanza~~Use ~~One,~~of ~~Inc.~~Estimates- (“The ~~Company”)~~preparation ~~was~~of ~~organized~~financial statements ~~under~~in conformity with accounting principles generally accepted in the ~~laws~~United States of America requires management to make estimates and assumptions that affect the ~~State~~reported amounts of ~~Nevada~~assets onand ~~June~~liabilities 5,and ~~2007~~disclosures of contingent assets and liabilities asat athe ~~corporation~~date ~~with~~of afinancial ~~year~~statements ~~end~~and the reported amounts of ~~June~~revenue 30and expenses during the reporting period. ~~The~~Actual ~~Company’s~~results could ~~objective~~differ isfrom tothose ~~acquire~~estimates. orThe ~~merge~~financial ~~with~~statements aabove ~~target~~reflect ~~business~~all orof ~~company in~~the acosts ~~business~~of ~~combination~~doing business.

~~NOTE~~Revenue ~~B—GOING~~Recognition- The Company applies paragraph 605-10-S99-1 ~~CONCERN~~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:

~~The accompanying~~(i) ~~financial~~ ~~statements~~persuasive ~~have~~evidence ~~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~~an ~~reflected~~arrangement ~~in the accompanying financial statements~~exists, the Company has a deficit accumulated during the development stage of $56,359, used cash from operations of $48,284 since its inception, and has a working capital deficiency of $56,210 at March 31, 2011.

~~The Company’s~~(ii) ~~ability~~ ~~to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain~~ the ~~necessary~~services ~~financing~~have tobeen ~~meet~~rendered ~~its obligations~~ and ~~repay~~all ~~its~~required ~~liabilities~~milestones 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.achieved,

~~NOTE C—SUMMARY~~(iii) OF ~~SIGNIFICANT~~the ~~ACCOUNTING~~sales ~~POLICIES~~price is fixed or determinable, and

~~Basis of~~(iv) ~~Presentation-~~ ~~The~~collectability ~~financial~~is ~~statements~~reasonably ~~included herein were prepared under the accrual basis of accounting~~assured.

~~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.~~(5)

~~Management’s Use~~BONANZA ofONE, 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 periodINC. ~~Actual results could differ from those estimates. The financial statements above reflect all of the costs of doing business.~~

~~Revenue~~NOTES ~~Recognition- The~~TO ~~Company~~THE ~~applies~~UNAUDITED ~~paragraph~~FINANCIAL 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:STATEMENTS

~~(i)~~ AS ~~persuasive~~OF ~~evidence~~SEPTEMBER ~~of an arrangement exists~~30, 2011

~~(ii)~~ NOTE ~~the~~C- ~~services~~SUMMARY ~~have~~OF ~~been~~SIGNIFICANT ACCOUNTING ~~rendered~~POLICIES ~~and all required milestones achieved,~~(CONTINUED)

Comprehensive Income (~~iii~~Loss) - The Company reports Comprehensive income and its components following guidance set forth by section 220-10 of the ~~sales~~FASB ~~price~~Accounting isStandards ~~fixed~~Codification orwhich ~~determinable,~~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.

~~(iv)~~ Net Income per Common Share- Net loss per common share is computed ~~collectability~~pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is ~~reasonably~~computed ~~assured~~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 September 30, 2011.

~~Comprehensive Income~~Deferred ~~(Loss)~~ Taxes- The Company ~~reports~~accounts ~~Comprehensive~~for income ~~and~~taxes ~~its~~under Section ~~components following guidance set forth by section 220~~740-10 -30 of the FASB Accounting Standards Codification. ~~which~~Deferred ~~establishes~~income ~~standards~~tax ~~for~~assets and liabilities are determined based upon differences between the financial reporting and ~~display~~tax bases of ~~comprehensive~~assets ~~income~~and liabilities and are measured using the enacted tax rates and ~~its~~laws ~~components~~that will be in effect when the ~~financial~~differences ~~statements~~are expected to reverse. ~~There~~Deferred ~~were~~tax noassets ~~items~~are ofreduced ~~comprehensive~~by ~~income~~a ~~(loss)~~valuation allowance ~~applicable~~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 ~~Company~~years ~~during~~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 ~~period~~statements ~~covered~~of operations in the ~~financial~~period ~~statements~~that includes the enactment date.

~~Net~~Fair ~~Income per~~Value ~~Common~~of ~~Share-~~Financial ~~Net loss per common share is computed pursuant to section 260~~Instruments-~~10-45~~ ofThe ~~the~~carrying ~~FASB Accounting Standards Codification.~~amounts ~~Basic~~reported ~~net~~in ~~loss per share is computed by dividing net loss by~~ the ~~weighted~~balance ~~average~~sheet ~~number~~for ofcash, ~~shares~~accounts ofreceivable ~~common~~and ~~stock~~payable ~~outstanding during~~approximate ~~the~~fair ~~period.~~value ~~Diluted~~based ~~net~~on ~~loss per share is computed by dividing net loss by~~ the ~~weighted~~short-term ~~average number of shares of common~~maturity ~~stock and potentially outstanding shares~~ of ~~common~~these ~~stock during each period~~instruments. ~~There were no potentially dilutive shares outstanding as of March 31, 2011.~~

~~Deferred Taxes~~Impairment of Long-Lived Assets- The Company ~~accounts~~evaluates ~~for~~the recoverability ~~income~~of ~~taxes~~its ~~under~~fixed ~~Section~~assets ~~740~~and other assets in accordance with section 360-10-3015 of the FASB Accounting Standards Codification~~. Deferred~~ ~~income~~for ~~tax~~disclosures ~~assets~~about ~~and~~Impairment ~~liabilities~~or ~~are~~Disposal ~~determined~~of ~~based~~Long-Lived ~~upon~~Assets. ~~differences~~Disclosure ~~between~~requires ~~the~~recognition ~~financial~~of ~~reporting~~impairment ~~and tax bases~~ of ~~assets~~long-lived ~~and~~assets ~~liabilities~~in ~~and are measured using~~ the ~~enacted~~event ~~tax rates and laws that will be in effect when~~ the ~~differences~~net ~~are~~book ~~expected to~~value ~~reverse.~~of ~~Deferred~~such ~~tax~~ assets ~~are~~exceeds ~~reduced~~its byexpected acash ~~valuation~~flows. ~~allowance~~If toso, ~~the extent management concludes~~ it is ~~more~~considered ~~likely~~to ~~than not that the assets will not~~ be ~~realized.~~impaired ~~Deferred tax assets~~ and is ~~liabilities~~written ~~are~~down ~~measured using enacted tax rates expected~~ to ~~apply~~ tofair ~~taxable~~value, ~~income in the years in~~ which ~~those~~is ~~temporary~~determined ~~differences~~based ~~are~~on ~~expected~~either todiscounted befuture ~~recovered~~cash flows or ~~settled~~appraised values. The ~~effect~~Company onadopted ~~deferred~~the ~~tax~~statement ~~assets~~on ~~and~~inception. ~~liabilities~~No impairments of athese ~~change~~types inof ~~tax~~assets ~~rates~~were is recognized induring the ~~statements~~quarter ofended ~~operations in the period that~~September ~~includes~~30, ~~the enactment date~~2011.

~~Fair~~Stock-Based ~~Value of~~Compensation- ~~Financial~~The ~~Instruments~~Company accounts for stock-based compensation ~~The~~using ~~carrying~~the ~~amounts~~fair ~~reported~~value method following the guidance set forth in section 718-10 of the ~~balance~~FASB ~~sheet~~Accounting Standards Codification for ~~cash,~~disclosure ~~accounts~~about ~~receivable~~Stock-Based ~~and~~Compensation. ~~payable~~This ~~approximate~~section requires a public entity to measure the cost of employee services received ~~fair~~in ~~value~~exchange for an award of equity instruments based on the ~~short~~grant-~~term~~date ~~maturity~~fair value of ~~these~~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.

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 March 31, 2011.(6)

~~Stock-Based Compensation-~~BONANZA ~~The~~ONE, 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 CompensationINC. 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.

~~(6)~~NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

~~BONANZA~~AS ~~ONE~~OF SEPTEMBER 30, ~~INC.~~2011

~~NOTES~~NOTE TOC- ~~THE~~SUMMARY ~~UNAUDITED~~OF ~~FINANCIAL~~SIGNIFICANT ~~STATEMENTS~~ACCOUNTING POLICIES (CONTINUED)

ASFair OFValue ~~MARCH~~for 31Financial 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), ~~2011~~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:

NOTE C- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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.

~~Fair Value for Financial Assets and Financial Liabilities-~~ The ~~Company~~carrying ~~follows~~amounts ~~paragraph 825-10-50-10~~ of the ~~FASB~~Company’s ~~Accounting Standards Codification for disclosures about fair value of its~~ financial ~~instruments~~assets and liabilities, ~~paragraph~~such ~~820-10-35-37~~as ofcash ~~the~~and ~~FASB~~accrued ~~Accounting~~interest ~~Standards Codification~~payable ~~(“Paragraph 820-10-35-37”)~~ to ~~measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes~~ a ~~framework~~related ~~for~~party, ~~measuring~~approximate their fair ~~value~~values inbecause ~~accounting~~of ~~principles generally accepted in~~ the ~~United~~short ~~States~~ maturity of ~~America~~these (Uinstruments.~~S. GAAP),~~ ~~and~~The ~~expands~~Company’s ~~disclosures~~note ~~about~~payable ~~fair~~to ~~value~~a ~~measurements. To increase consistency and comparability in fair value measurements and~~ related ~~disclosures,~~party ~~Paragraph~~approximates ~~820-10-35-37~~the ~~establishes a~~ fair value ~~hierarchy~~of ~~which~~such ~~prioritizes~~instrument ~~the inputs to valuation techniques~~based ~~used~~upon tomanagement’s ~~measure~~best ~~fair~~estimate ~~value~~of ~~into~~interest ~~three~~rates ~~broad~~that ~~levels.~~would ~~The~~be ~~fair~~available ~~value~~to ~~hierarchy gives~~ the ~~highest~~Company ~~priority to quoted prices (unadjusted) in active markets~~ for ~~identical~~similar ~~assets~~financial ~~or liabilities and the lowest priority to unobservable inputs. The three levels of fair~~arrangement ~~value~~at ~~hierarchy~~September ~~defined~~30, ~~by Paragraph 820-10-35-37 are described below:~~2011.

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.

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 September 30, 2011, 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 September 30, 2011.

~~The~~Recent ~~carrying amounts~~Accounting 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 March 31, 2011.Pronouncements

~~The~~In ~~Company does~~March ~~not~~2010, ~~have~~the ~~any~~FASB ~~assets~~issued orAccounting ~~liabilities~~Standard Update ~~measured~~No. at2010-11 ~~fair~~“Derivatives ~~value~~and onHedging” a(Topic ~~recurring~~815). orASU aNo. ~~non~~2010-~~recurring~~11 ~~basis,~~update ~~consequently,~~provides ~~the~~amendments ~~Company~~to subtopic 815-15, ~~did~~Derivatives ~~not~~and ~~have~~hedging. ~~any~~The ~~fair~~amendments ~~value~~clarify ~~adjustments~~about ~~for~~the ~~assets~~scope ~~and~~exception ~~liabilities~~in ~~measured~~paragraph at815-10-15-11 ~~fair~~and ~~value~~section at815-15-25 ~~March~~as ~~31,~~applicable to ~~2011,~~the ~~nor~~embedded ~~gains~~credit orderivatives. ~~losses are~~The ~~reported~~ASU inis effective on the ~~statement~~first day of ~~operations~~the ~~that~~first ~~are~~fiscal ~~attributable~~quarter tobeginning ~~the~~after ~~change~~June in15, 2010. ~~unrealized~~Therefore, ~~gains~~for ora ~~losses~~calendar-year-end ~~relating~~entity, tothe ~~those assets~~ASU ~~and~~becomes ~~liabilities~~effective ~~still~~on ~~held~~July 1, 2010. Early application is permitted at the beginning ~~reporting~~of ~~date~~the ~~for~~first ~~the~~fiscal quarter ~~ended~~beginning after March 315, ~~2011.~~2010

~~Recent Accounting Pronouncements~~(7)

InBONANZA ~~March 2010~~ONE, ~~the~~ ~~FASB issued Accounting Standard Update No~~INC. 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

~~(7)~~NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

~~BONANZA~~AS ~~ONE~~OF SEPTEMBER 30, ~~INC.~~2011

~~NOTES~~NOTE TOC- ~~THE~~SUMMARY ~~UNAUDITED~~OF ~~FINANCIAL~~SIGNIFICANT ~~STATEMENTS~~ACCOUNTING POLICIES (CONTINUED)

ASRecent OFAccounting ~~MARCH~~Pronouncements ~~31, 2011~~(continued)

~~NOTE~~In April 2010, the FASB issued Accounting Standard CUpdate No. 2010-12. ~~SUMMARY~~“Income OFTaxes” ~~SIGNIFICANT~~(Topic ~~ACCOUNTING~~740). ~~POLICIES~~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 (~~CONTINUED~~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.”

~~Recent~~ In April 2010, the FASB issued Accounting ~~Pronouncements~~Standard Update No. 2010-13 “Stock Compensation” (~~continued~~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 ~~Standard~~Standards Update No. 2010-~~12.~~ 14, “~~Income~~Accounting ~~Taxes~~for Extractive Activities – Oil & Gas” (Topic ~~740~~932). ASU No. 2010-1214 amends FASB ~~Accounting Standard~~accounting ~~Codification subtopic 740-10 Income Taxes to include~~ Standard paragraph ~~740~~932-10-S99-4.1 Ondue 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 beSEC ~~based on~~release ~~provisions of enacted tax law~~no. ~~The~~33-8995 ~~effects~~[FR ~~of future changes in tax laws are not anticipated.” Therefore~~78], ~~the~~Modernization ~~different enactment dates~~ of ~~the~~Oil ~~Act~~ and ~~reconciliation~~Gas ~~measure~~Reporting ~~may affect registrants with a period-end that falls between March 23, 2010 (enactment date of the Act),~~ and ~~March~~provides ~~30,~~update ~~2010~~as ~~(enactment date of the reconciliation measure). However, the announcement states~~to ~~that~~amendments ~~the~~to SEC ~~would~~Regulation ~~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~~S-X, ~~2010,~~Rule ~~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~~4-10.”

In April 2010, the FASB issued Accounting Standard Update No. 2010-13 15. “~~Stock~~Financial ~~Compensation~~Services-Insurance” (Topic ~~718~~944). ASU No.2010-1315 ~~provides~~gives ~~amendments to~~direction ~~Topic~~on ~~718~~how toinvestments ~~clarify~~through ~~that~~separate accounts affect an ~~employee~~insurer’s ~~share-based~~consolidation ~~payment~~analysis ~~award~~of ~~with~~those investments. Under the ASU: an ~~exercise~~insurance ~~price~~entity ~~denominated~~should innot consider any separate account interests held for the ~~currency~~benefit of apolicy ~~market~~ holders in ~~which~~an ainvestment ~~substantial~~to ~~portion~~be of the ~~entity~~insurer's ~~equity~~interests ~~securities~~and ~~trades~~ should not combine bethose ~~considered~~interests towith ~~contain~~its ageneral ~~condition~~account ~~that~~interest ~~is not~~in athe ~~market,~~same ~~performance,~~investment orwhen ~~service~~assessing ~~condition.~~the ~~Therefore~~investment for consolidation, unless anthe ~~entity~~separate ~~would~~account ~~not~~interests ~~classify~~are ~~such~~held anfor ~~award~~the asbenefit of a ~~liability~~related ifparty itpolicy ~~otherwise qualifies~~holder as ~~equity~~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 ~~on or~~ after December 15, 2010. Early adoption is permitted. The amendments in this Update should be applied byretrospectively ~~recording a cumulative-effect adjustment~~ to ~~the opening balance of retained earnings. The cumulative-effect adjustment should be calculated for~~ all ~~awards~~prior ~~outstanding as~~periods ofupon the ~~beginning~~date 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~~adoption. ~~The cumulative-effect adjustment should be presented separately. Earlier application is permitted.~~

InNOTE ~~April 2010, the FASB issued Accounting Standards Update No.2010~~D-~~14,~~SUPPLEMENTAL ~~“Accounting~~CASH ~~for~~FLOW 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.INFORMATION

InSupplemental ~~April~~disclosures 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~~cash ~~investments. Under~~flow ~~the~~information ~~ASU: an insurance entity should not consider any separate account interests held~~ for the ~~benefit of policy holders in~~three anmonths ~~investment~~ended toSeptember ~~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~~30, ~~unless~~2011 ~~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.~~summarized ~~The~~as ~~amendments in this Update should be applied retrospectively to all prior periods upon the date of adoption.~~follows:

~~NOTE~~Cash paid during the three months ended September 30, 2011 and 2010 ~~D-SUPPLEMENTAL~~for ~~CASH~~interest ~~FLOW~~and ~~INFORMATION~~income taxes are as follows:

Supplemental disclosures of cash flow information for the quarters ended March 31, 2011 and 2010 is summarized as follows:

	2011	2010
Interest	$ -	$ -
Taxes	$ -	$ -

~~Cash paid during the quarters ended March 31, 2011 and 2010 for interest and income taxes:~~(8)

		2011		2010
Interest	$	—	$	—
Taxes	$	—	$	—

BONANZA ONE, INC.

~~NOTE~~NOTES ~~E-SEGMENT REPORTING~~TO THE UNAUDITED FINANCIAL STATEMENTS

~~The~~AS ~~Company follows~~OF ~~the~~SEPTEMBER 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 services30, ~~geographic areas, and major customers. The Company determined that it did not have any separately reportable operating segments as of March 31,~~ 2011.

NOTE FE-~~INCOME TAXES~~SEGMENT REPORTING

~~Due~~The toCompany follows the ~~operating~~guidance set forth by section 280-10 of ~~loss~~the FASB Accounting Standards Codification for reporting and disclosure on operating segments of the ~~inability~~Company. toIt ~~recognize~~also anrequires segment ~~income~~disclosures ~~tax~~about ~~benefit~~products ~~there~~and isservices, nogeographic ~~provision~~areas, ~~for~~and ~~current~~major orcustomers. ~~deferred~~The ~~federal~~Company ordetermined ~~state~~that ~~income~~it did not ~~taxes~~have ~~for~~any ~~six~~separately ~~months~~reportable ~~ended~~operating ~~March~~segments 31as of September 30, 2011.

~~Deferred~~NOTE ~~income taxes~~F-INCOME 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.TAXES

~~The~~Due ~~Company’s total~~to ~~deferred~~the ~~tax~~operating ~~asset,~~loss ~~calculated~~and ~~using~~the ~~federal~~inability ~~and~~to ~~state~~recognize ~~effective~~an income tax ~~rates,~~benefit asthere ofis ~~March~~no ~~31,~~provision ~~2011~~for iscurrent asor ~~follows:~~deferred federal or state income taxes for the three months ended September 30, 2011.

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

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 ~~reconciliation of~~Company’s ~~income~~total ~~taxes~~deferred ~~computed~~tax atasset, ~~the~~calculated using federal and ~~statutory~~state ~~income~~effective tax ~~rate~~rates, toas ~~total~~of ~~income~~September ~~taxes for the period from inception through March 31~~30, 2011 ~~and 2010~~ is as follows:

		2011			2010
Total Deferred Tax Asset	$ 24,072
Income tax computed at the federal statutory rate			34	%	34	%
Valuation Allowance	(24,072)
State income tax, net of federal tax benefit			0	%	0	%
Net Deferred Tax Asset	-
Total			34	%	34	%
Valuation allowance			-34	%	-34	%
Total deferred tax asset			0	%	0	%

~~Because~~The reconciliation of ~~the Company’s~~income ~~lack~~taxes ofcomputed ~~earnings~~at ~~history,~~ the ~~deferred~~federal ~~tax asset has been fully offset by a valuation allowance. The valuation~~statutory ~~allowance~~income ~~increased~~tax byrate ~~approximately~~to ~~$5,089~~total ~~and~~income ~~$3,266~~taxes for the ~~six~~period ~~months~~from ~~ending~~inception ~~March~~through 31September 30, 2011 and ~~2009,~~2010 ~~respectively.~~is as follows:

As of March 31, 2011, 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.

	2011	2010
Income tax computed at the federal statutory rate	34%	34%
State income tax, net of federal tax benefit	0%	0%
Total	34%	34%
Valuation allowance	-34%	-34%
Total deferred tax asset	0%	0%

~~NOTE~~Because ~~G-COMMITMENTS~~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 $4,246 and $1,642 for the three months ending September 30, 2011 and 2010, respectively.

As of ~~March 31~~September 30, 2011, the Company had noa ~~commitments~~federal and state net operating loss carry forward in the amount of approximately $70,802, which expires in the fiscal year ending June 30, 2030.

~~NOTE H-CAPITAL STOCK~~(9)

~~The~~BONANZA ~~Company is authorized to issue 100~~ONE,~~000,000~~ ~~common shares at $0~~INC.~~0001 par value per share.~~

~~During~~NOTES ~~the~~TO ~~six months~~THE ~~ended~~UNAUDITED ~~March~~FINANCIAL ~~31, 2011 and 2009, the Company issued no common stock.~~STATEMENTS

AsAS ofOF ~~March 31,~~SEPTEMBER ~~2011~~30, ~~the Company has the following shares of common stock outstanding:~~2011

Name	Number of common shares
John Holcomb		1,500,000
		1,500,000

NOTE G-COMMITMENTS

~~The~~As ~~Company is~~of ~~authorized~~September to30, ~~issue 10~~2011,~~000,000~~ ~~preferred~~the ~~shares~~Company athad ~~$0.0001~~no ~~per share~~commitments.

~~During~~NOTE ~~the~~H-CAPITAL ~~six months ended March 31, 2011 and 2009, the Company issued no preferred stock. No shares of preferred stock have been issued as of March 31, 2011.~~STOCK

~~NOTE~~The ~~I-DEVELOPMENT~~Company is authorized to issue 100,000,000 common shares at ~~STAGE~~$0.0001 ~~COMPANY~~par value per share.

~~The~~During ~~Company is in~~ the ~~development~~three ~~stage~~months asended ofSeptember ~~March 31~~30, 2011 and ~~to date has had no significant operations. Recovery of the Company assets is dependent on future events~~2010, the ~~outcome of which is indeterminable. In addition, successful completion of the~~ Company’s ~~development~~issued ~~program~~no ~~and~~common 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 structurestock.

~~NOTE~~As ~~J—NOTE~~of September 30, 2011, the Company has the following shares of ~~PAYABLE~~common stock outstanding:

The Company has the following promissory notes outstanding:

Name	Number of common shares
John Holcomb	1,500,000
	1,500,000

~~Two~~The ~~notes~~Company ~~payable to~~is ~~related~~authorized ~~parties~~to inissue ~~the amount of $50~~10,~~295~~000,000 ~~bearing~~preferred ~~interest~~shares at $0.0001 8% per ~~annum and payable on demand~~share.

~~The~~During ~~interest~~the ~~accrued~~three months ended September 30, ~~but~~2011 ~~not~~and ~~paid~~2010, the Company asissued no preferred stock. No shares of ~~March~~preferred ~~31,~~stock ~~2011~~have isbeen $8issued as of September 30,~~075~~ 2011.

~~(8)~~NOTE I-DEVELOPMENT STAGE COMPANY

~~Item~~The 2Company is in the development stage as of September 30, 2011 and to date has had no significant operations. ~~Management~~Recovery of the Company assets is dependent on future events, the outcome of which is indeterminable. In addition, successful completion of the Company’s ~~Discussion~~ development program and ~~Analysis~~its ortransition, ~~Plan~~ultimately, to attaining profitable operations is dependent upon obtaining adequate financing to fulfill its development activities and achieving a level of ~~Operation.~~sales adequate to support the Company’s cost structure.

~~Overview~~NOTE J—NOTE PAYABLE TO A RELATED PARTY AND ACCRUED INTEREST

~~Bonanza One,~~The ~~Inc. (“we,” “us” or the “~~Company”) ~~was~~has ~~incorporated~~signed invarious ~~the~~promissory ~~State~~notes ofwith ~~Nevada~~a ~~on June 5,~~partnership ~~2007.~~that Weis ~~are~~owned aby ~~developmental~~the ~~stage~~Company’s ~~company~~major ~~and have not generated any revenues to date~~shareholder. WeThe ~~were~~total ~~organized~~amount tooutstanding ~~serve~~of asthe anote ~~vehicle for~~is ~~a business combination through a capital stock exchange~~$60,695 ~~merger,~~and ~~reverse~~is ~~acquisition,~~payable ~~asset acquisition or other similar business~~upon ~~combination~~demand (aand ~~“Business~~bears ~~Combination”)~~interest ~~with~~at an8% ~~operating~~per oryear. ~~development~~The ~~stage~~interest ~~business~~accrued, ~~(the~~but ~~“Target”) which~~not ~~desires~~paid ~~to utilize our status~~ as aof ~~reporting~~September ~~company~~30, ~~under~~2011 ~~the~~is ~~Exchange Act~~$10,178.

~~The Company voluntarily filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission~~ (~~the “SEC”~~10) on November 7, 2007 and, since its effectiveness, the Company has focused its efforts on identifying a possible Target 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 fiscal year ends on June 30.

~~Based on~~Item ~~our business activities, the Company is a “blank check” company~~2. ~~The~~Management’s ~~SEC~~Discussion ~~defines those companies as “any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) of the Exchange Act~~ and ~~that~~Analysis ~~has no specific business plan~~ or ~~purpose,~~Plan ~~or has indicated that its business plan is to merge with an unidentified company or companies. Many states have enacted statutes, rules and regulations limiting the sale~~ of ~~securities of “blank check” companies in their respective jurisdictions~~Operation. In addition, under Rule 12b-2 of the Exchange Act, the Company also is a “shell company” which is defined, as a company which has (i) no or nominal operations; and (ii) either (x) no or nominal assets; (y) assets consisting solely of cash and cash equivalents; or (z) assets consisting of any amount of cash and cash equivalents and nominal other assets. Because we are a “shell” company, the Business Combination we enter into with a Target will be deemed to be a "reverse acquisition" or “reverse merger.”

~~Our~~Statements, other than historical facts, contained ~~management~~in ~~has~~this ~~broad~~Quarterly ~~discretion~~Report ~~with~~on ~~respect~~Form to10-Q, ~~identifying~~including statements of potential acquisitions and ~~selecting~~our astrategies, ~~prospective~~plans ~~Target.~~and Weobjectives, are ~~have~~"forward-looking ~~not~~statements” ~~established~~within ~~any~~the ~~specific attributes~~meaning orof ~~criteria~~Section ~~(financial~~27A orof ~~otherwise)~~the ~~for~~Securities aAct ~~prospective~~of ~~Target~~1933, as amended (the “Securities Act”), and ~~may~~Section ~~enter~~21E ~~into~~of athe ~~Business~~Securities ~~Combination~~Exchange ~~with~~Act aof ~~development~~1934, as amended (the “Exchange Act”). Although we believe ~~stage~~that ~~company~~our forward looking statements are based on reasonable assumptions, awe ~~distressed~~caution ~~company~~that orsuch statements are subject to a ~~foreign~~wide range ~~company~~of ~~engaged~~risks, intrends ~~any~~and ~~industry.~~uncertainties ~~Our~~that ~~sole~~could ~~officer~~cause ~~and~~actual ~~director~~results ~~has~~to ~~never~~differ ~~served as~~materially anfrom ~~officer~~those orprojected ~~director~~Among ofthose risks, atrends ~~development~~and ~~stage~~uncertainties ~~public~~are ~~company~~important factors that ~~has~~could ~~consummated~~cause aactual ~~Business~~results ~~Combination~~to ~~such~~differ asmaterially ~~that~~from ~~contemplated by~~the ~~our~~forward ~~Company.~~looking statements, ~~Accordingly~~including, hebut ~~may~~ not ~~successfully~~limited ~~identify~~to; the time management devotes to identifying a ~~Target~~target orbusiness; ~~conclude~~management’s ability to consummate a ~~Business~~business ~~Combination.~~combination; Inthe ~~addition,~~financial ~~our~~condition ~~management engages~~of inthe ~~other~~target company with which we may enter a business ~~activities~~combination; the effect of existing and isfuture ~~not~~laws; ~~obligated~~governmental toregulations; ~~devote~~the ~~any~~political ~~specific~~and ~~number~~economic climate of ~~hours~~the toUnited ~~our~~States; ~~matters.~~and conditions ~~Management~~in ~~intends to~~the ~~devote~~capital ~~only~~markets. asWe ~~much~~undertake ~~time~~no asduty itto ~~deems~~update ~~necessary~~or torevise ~~our~~these ~~affairs~~forward-looking statements.

~~We cannot~~When ~~assure~~used ~~you~~in ~~that~~this weForm ~~will~~10-Q, bethe ~~successful~~words, in"expect," "anticipate," ~~concluding~~"intend," a"plan," ~~Business~~"believe," ~~Combination.~~"seek," We"estimate" ~~will~~and ~~not~~similar expressions ~~realize~~are ~~any~~intended ~~revenues~~to oridentify ~~generate any~~forward-looking ~~income~~statements, ~~unless~~although ~~and~~not ~~until~~all weforward-looking ~~successfully~~statements ~~merge~~contain ~~with~~these oridentifying words. ~~acquire~~Because anthese ~~operating~~forward-looking ~~business~~statements ~~that~~involve isrisks ~~generating revenues~~ and ~~otherwise is operating profitably. Moreover~~uncertainties, weactual ~~can~~results ~~offer~~could nodiffer ~~guarantee~~materially ~~that~~from ~~the~~those expressed ~~Company~~or ~~will~~implied ~~achieve~~by ~~long~~these forward-~~term~~looking orstatements ~~immediate~~for ~~short-term~~a ~~earnings from~~number ~~any~~of ~~Business~~important ~~Combination~~reasons.

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 such 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, we cannot assure you that we will properly ascertain or assess all significant risk factors.Overview

Bonanza One, Inc. (9“we,” “us” or the “Company”) was incorporated 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”) which desires to utilize our status as a reporting company under the Exchange Act.

~~We expect~~The ~~that~~Company involuntarily ~~connection~~filed ~~with~~a ~~any~~registration statement ~~Business~~on ~~Combination,~~Form we10 ~~will~~with ~~issue~~the aU.S. ~~significant~~Securities ~~number~~and ofExchange ~~shares~~Commission of(the ~~our~~“SEC”) ~~common~~on ~~stock~~November ~~(equal to~~7, at2007, ~~least~~and ~~80%~~since ofits effectiveness, the ~~total~~Company ~~number~~has offocused ~~shares~~its ~~outstanding~~efforts ~~after~~on ~~giving~~identifying ~~effect~~a topossible ~~the~~Target ~~transaction~~for ~~and~~a ~~likely,~~Business aCombination. ~~significantly~~We ~~higher~~are not presently ~~percentage)~~engaged in, ~~order~~and towill ~~ensure~~not ~~that~~engage ~~the~~in, ~~Business~~any ~~Combination~~substantive ~~qualifies~~commercial asbusiness aoperations ~~“tax~~unless ~~free”~~and ~~transaction~~until ~~under~~we ~~federal~~consummate ~~tax laws.~~a ~~The~~Business ~~issuance~~Combination. Our offiscal ~~additional~~year ~~shares~~ends ofon ~~our~~June ~~capital stock will:~~30.

~~significantly~~Based ~~reduce~~on our business activities, the ~~equity~~Company is ~~interest~~a “shell company” which is defined, as a company which has (i) no or nominal operations; and (ii) either (x) no or nominal assets; (y) assets consisting solely of ~~our~~cash ~~stockholders~~and ~~prior~~cash equivalents; or (z) assets consisting of any amount of cash and cash equivalents and nominal other assets. Because we are a “shell” company, the Business Combination we enter into with a Target will be deemed to be a “reverse acquisition” or “reverse merger.” In addition, under Rule 12b-2 of the ~~transaction;~~Exchange Act, the Company also is a “blank check” company. The SEC defines those companies as “any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) of the Exchange Act and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies. Many states have enacted statutes, rules and regulations limiting the sale of securities of “blank check” companies in their respective jurisdictions.

~~cause~~Our management has broad discretion with respect to identifying and selecting a ~~change~~prospective inTarget. ~~control~~We inhave ~~our~~not ~~Company~~established any specific attributes or criteria (financial or otherwise) for a prospective Target and ~~likely~~may ~~result~~enter ininto ~~the~~a ~~resignation~~Business Combination with a development stage company, a distressed company or ~~removal~~a foreign ofcompany ~~our~~engaged in any industry. Our sole officer and director has never served as an officer or director of ~~the~~a ~~date~~development stage public company that has consummated a Business Combination such as that contemplated by our Company. Accordingly, he may not successfully identify a Target or conclude a Business Combination. In addition, our management engages in other business activities and is not obligated to devote any specific number of ~~the~~hours ~~transaction~~to our matters. Management intends to devote only as much time as it deems necessary to our affairs.

~~Our management~~We ~~anticipates~~cannot ~~that~~assure ~~our~~you ~~Company~~that ~~likely~~we will ~~affect~~be ~~only~~successful in ~~one~~concluding a Business Combination,. ~~due~~We ~~primarily~~will tonot ~~our~~realize ~~limited~~any ~~financial resources~~revenues ~~and~~or ~~the~~generate ~~dilution~~any ofincome ~~interest~~unless ~~for present~~ and ~~prospective~~until ~~stockholders,~~we ~~which is likely to occur as a result of our management's~~successfully ~~plan~~merge towith ~~offer~~or aacquire ~~controlling~~an ~~interest~~operating tobusiness athat ~~Target~~is ingenerating ~~order~~revenues toand ~~achieve~~otherwise ais ~~tax-free~~operating ~~reorganization~~profitably. ~~This~~Moreover, ~~lack~~we ~~of diversification should~~can beoffer ~~considered~~no aguarantee ~~substantial~~that ~~risk~~the inCompany ~~investing in us because it~~ will ~~not~~achieve ~~permit~~long-term usor toimmediate ~~offset~~short-term ~~potential~~earnings ~~losses~~ from ~~one~~any ~~venture against~~Business ~~potential gains from another~~Combination.

~~The Company~~Any ~~currently~~entity ~~does~~with ~~not~~which ~~engage~~we inenter ~~any~~into ~~business~~a ~~activities~~Business Combination ~~that~~will ~~provide~~be ~~cash~~subject ~~flow.~~to ~~During~~numerous ~~the~~risks ~~next~~in ~~twelve~~connection ~~months~~with weits ~~anticipate incurring~~operations. ~~costs~~To ~~related~~the toextent ~~filing~~we ~~Exchange~~affect ~~Act reports, investigating and analyzing Targets and consummating~~ a Business Combination. Wewith ~~believe~~a wefinancially ~~will~~unstable becompany ~~able~~or toan ~~meet~~entity ~~these~~in ~~costs~~its ~~through~~early ~~use~~stage of ~~funds~~development inor ~~our~~growth, ~~treasury~~including ~~and~~entities ~~from~~without ~~cash~~established records ~~which~~of ~~may~~sales ~~be loaned to~~ or ~~invested in us by our stockholders~~earnings, ~~management~~we ormay ~~other~~be ~~investors.~~affected Asby ofnumerous ~~March~~risks ~~31,~~inherent ~~2011,~~in the ~~Company~~business ~~had~~and ~~$2,161~~operations inof ~~its~~such ~~treasury~~companies. ~~There~~If ~~are~~we noconsummate ~~assurances~~a ~~that~~Business ~~the~~Combination ~~Company~~with a foreign entity, we will be ~~able~~subject to ~~secure~~all ~~additional~~of ~~funding~~the asrisks ~~needed.~~attendant ~~Our ability~~ to ~~continue~~foreign ~~as a going concern~~operations. isAlthough ~~dependent~~our ~~upon~~management ~~our~~will ~~ability~~endeavor to ~~generate~~evaluate ~~cash from~~ the ~~sale~~risks ofinherent ~~our~~in ~~common~~a ~~stock~~particular ~~and/or~~Target, ~~obtain~~we ~~debt~~cannot ~~financing~~assure ~~and~~you ~~attain~~that ~~future~~we will ~~profitable~~properly ~~operations~~ascertain ~~by acquiring~~ or ~~merging~~assess ~~with~~all asignificant ~~profitable~~risk ~~company~~factors.

~~Liquidity~~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 ~~Capital~~likely, ~~Resources~~a significantly higher percentage) in order to ensure that the Business Combination qualifies as a “tax free” transaction under federal tax laws. The issuance of additional shares of our capital stock will:

~~At March~~· ~~31,~~significantly ~~2011,~~reduce wethe ~~had~~equity ~~total~~interest ~~assets~~ of ~~$2,161,~~our ~~consisting~~stockholders ~~exclusively~~prior ofto ~~cash.~~the ~~This~~transaction; ~~compares~~and ~~with~~· ~~total~~cause ~~assets~~a ofchange ~~$966~~in atcontrol ~~June 30,~~in ~~2010,~~ our ~~fiscal~~Company ~~year~~and ~~end.~~likely Atresult ~~March~~in ~~31, 2011,~~ the ~~Company~~resignation ~~had~~or ~~current~~removal ~~liabilities~~ of ~~$58,370~~our ~~compared~~officer ~~with~~and ~~current~~director ~~liabilities~~ as of ~~$41,452~~the atdate ~~June 30, 2010, in each case, comprised exclusively~~ of ~~amounts~~the ~~owed to stockholders~~transaction.

Our ~~existing~~ ~~cash~~management ~~reserves~~anticipates that our Company likely will ~~not~~affect beonly ~~sufficient~~one toBusiness ~~cover~~Combination, due primarily to our ~~operating~~limited ~~costs~~financial resources and ~~expenses~~the ~~over~~dilution ~~the~~of ~~next~~interest for ~~twelve~~present ~~months~~and prospective stockholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a Target 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.

ToThe Company currently does not engage in any ~~date,~~business activities that provide cash flow. During the next twelve months we ~~have~~anticipate ~~funded~~incurring ~~our~~costs ~~operations~~related ~~through~~to ~~loans~~filing ~~from~~periodic reports ~~our~~under ~~stockholders~~the Exchange Act, investigating and analyzing Targets and, possibly, consummating a Business Combination. Our ~~stockholders~~current assets ~~have~~will ~~advised~~not ~~management~~be ~~that~~sufficient ~~they~~for ~~presently expect~~these purposes; however, we believe we will be able to ~~fund~~meet ~~additional~~these costs ~~and~~from ~~expenses~~cash wewhich may ~~incur~~be loaned ~~through~~to ~~loans~~ or ~~further~~invested ~~investment~~ in ~~the~~us ~~Company~~by our stockholders, asmanagement ~~and~~or ~~when~~other ~~necessary~~investors. It is unlikely that we will be able to secure third ~~However,~~party funding for our ~~stockholders~~operations ~~are~~and ~~under~~we nocannot ~~obligation~~be certain that the Company will be able to ~~provide~~secure ~~such~~additional funding as needed. Our ability to continue as a going concern is dependent upon our ability to generate cash from the sale of our common stock and/or obtain debt financing and attain future profitable operations by acquiring or merging with a profitable company.

~~The following is a summary of the Company's cash flows provided by~~ (~~used in~~11) ~~operating and financing activities:~~

	Nine Months Ended March 31, 2011		Nine Months Ended March 31, 2010			For the Cumulative Period from June 5, 2007 (Inception) to March 31, 2011
Net Cash Used In Operating Activities	$	13,100	$	10,112		$	48,284
Net Cash Provided by Financing Activities	$	14,295	$	6,000		$	50,445
Net Increase (Decrease) in Cash and Cash Equivalents	$	2,161	$	(1,084	)	$	2,161

Liquidity and Capital Resources

WeAt September 30, 2011, we had total assets of do$221, ~~not~~consisting ~~expect~~exclusively toof ~~engage~~cash. inThis ~~any~~compares ~~substantive~~with ~~activities~~total ~~unless~~assets ~~and~~of ~~until~~$1,251 ~~such~~at ~~time~~June as30, we2011, ~~enter~~our ~~into~~fiscal ayear ~~Business~~end. ~~Combination~~At ~~with~~September a30, ~~Target~~2011, ifthe ~~ever.~~Company Wehad ~~cannot~~current ~~provide~~liabilities ~~investors~~of $70,873 compared with ~~any~~current ~~assurance~~liabilities ~~that~~of we$59,413 ~~will~~at ~~have~~June ~~sufficient~~30, ~~capital~~2011, ~~resources~~in toeach case, ~~fund~~comprised ~~our~~exclusively ~~operations and~~of ~~realize~~amounts ~~our~~owed ~~business~~to ~~objectives~~stockholders.

~~Results~~Our ofexisting cash reserves will not be sufficient ~~Operations~~to cover our operating costs and expenses over the next twelve months.

~~Since our~~To ~~inception~~date, we have ~~not~~funded ~~engaged~~our ~~in any substantive~~ operations, ~~other~~through loans ~~than~~from ~~seeking~~our ~~to identify a Target, nor generated any revenues~~stockholders. We ~~reported~~Our astockholders ~~net~~have ~~loss~~advised ~~for~~management ~~the~~that ~~three~~they ~~and~~presently ~~nine~~expect ~~months ended March 31, 2011 and 2010 of $1,009 and $15,723, respectively, compared~~ to afund ~~net~~additional ~~loss~~costs ~~of $3,118~~ and ~~$11,030 for the comparable 2010 periods, and have suffered a net loss since inception of $56,359.~~expenses ~~At March 31, 2011,~~ we ~~had~~may aincur ~~working~~through ~~capital~~loans ~~deficit~~or offurther ~~$56,209~~investment ~~compared~~in tothe ~~$40~~Company,~~486~~ atas ~~March~~and ~~31,~~when ~~2010~~necessary. ~~Since our inception~~However, our ~~operating~~ ~~expenses~~stockholders ~~have~~are ~~principally~~under ~~comprised professional fees and expenses incurred in connection with the filing of reports~~no ~~under~~obligation ~~the~~to ~~Exchange~~provide ~~Act,~~such ~~as well as interest accrued on loans from one of our stockholders~~funding.

~~We do~~The ~~not~~following ~~expect~~is ~~to engage in any activities, other than seeking to identify~~ a ~~Target,~~summary ~~unless~~of ~~and until such time as we enter into a Business Combination with a Target, if ever. We cannot provide investors with any assessment as to~~ the ~~nature of a Target’~~Company's ~~operations~~cash orflows ~~speculate~~provided asby to(used ~~the~~in) ~~status~~operating, ~~of its products or operations~~investing, ~~whether~~and atfinancing ~~the time of the Business Combination it will be generating revenues or its future prospects.~~activities:

Going Concern

	Three Months Ended September 30, 2011		Three Months Ended September 30, 2010		For the Cumulative Period from June 5, 2007 (Inception) to September 30, 2011
Net Cash (Used In) Operating Activities	$	(11,430)	$	(4,115)	$	(60,624)
Net Cash Provided by Financing Activities	$	10,400	$	3,200	$	60,845
Net Increase (Decrease) in Cash and Cash Equivalents	$	(1,030)	$	-	$	221

~~Our negative~~We ~~working~~do ~~capital,~~not ~~continuing~~expect ~~operating losses, failure~~ to ~~generate~~engage ~~revenues~~in ~~and~~any ~~lack of operating capital create substantial~~substantive ~~doubt~~activities ~~about~~unless ~~the~~and ~~Company’s~~until ~~ability~~such totime ~~continue~~ as awe ~~going~~enter ~~concern.~~into ~~The~~a ~~ability~~Business ofCombination ~~the~~with ~~Company to continue as~~ a ~~going~~Target, ~~concern is~~if ~~dependent~~ever. onWe ~~its~~cannot ~~ability~~provide ~~to generate cash from the sale of its securities and attaining future profitable operations. Management’s~~investors ~~plans~~with ~~include~~any ~~selling~~assurance ~~its~~that ~~equity~~we ~~securities~~will ~~and~~have ~~obtaining~~sufficient ~~debt~~capital ~~financing~~resources to fund ~~its~~our ~~capital~~operations ~~requirement~~ and ~~ongoing~~realize ~~operations; however,~~our ~~there~~business ~~can be no assurance the Company will be successful in these efforts~~objectives.

~~The financial~~Results ~~statements~~of ~~do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.~~Operations

~~(10)~~Since our inception, we have not engaged in any substantive operations, other than seeking to identify a Target, nor generated any revenues. We reported a net loss for the three months ended September 30, 2011 of $12,490 compared to a net loss of $4,830 for the comparable 2010 period, and have suffered a net loss since inception of $70,802. At September 30, 2011, we had a working capital deficit of $70,652 compared to $58,162 at June 30, 2011. Since our inception, our operating expenses have principally comprised professional fees and expenses incurred in connection with the filing of reports under the Exchange Act, as well as interest accrued on loans from one of our stockholders.

~~Item~~We 3.do ~~Quantitative~~not expect to engage in any activities, other than seeking to identify a Target, unless and ~~Qualitative~~until ~~Disclosures~~such ~~About~~time ~~Market~~as ~~Risk~~we enter into a Business Combination with a Target, if ever. We cannot provide investors with any assessment as to the nature of a Target’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.

~~Not applicable.~~Going Concern

~~Item~~Our ~~4(T)~~negative working capital, continuing operating losses, failure to generate revenues and lack of operating capital create substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on its ability to generate ~~Controls~~cash from the sale of its securities and ~~Procedures~~attaining future profitable operations. Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and ongoing operations; however, there can be no assurance the Company will be successful in these efforts.

~~Evaluation of Disclosure Controls and Procedures~~(12)

~~As of~~Item ~~March~~3. ~~31,~~Quantitative ~~2011, the Company’s management carried out an evaluation, under the supervision~~ and ~~with~~Qualitative ~~the~~Disclosures ~~participation of~~about ~~the~~Market 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-15Risk. ~~Based on such evaluation, the Company’s Chief Executive Officer has concluded that the Company's disclosure controls and procedures were effective.~~

~~Changes~~Not ~~in Internal Controls~~applicable.

~~There have~~Item ~~been no changes in the Company’s internal control over financial reporting~~ 4(asT). ~~defined~~Controls ~~in Rules 13a-15~~ and 15d-15 under the Exchange Act) during the three months ended March 31, 2011 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reportingProcedures.

~~Forward~~Evaluation ~~Looking Statements~~of Disclosure Controls and Procedures

~~Statements, other~~As ~~than~~of ~~historical~~September ~~facts~~30, ~~contained in this Quarterly Report on Form 10-Q~~2011, ~~including~~the ~~statements of potential acquisitions and~~Company’s ~~our~~management ~~strategies,~~performed ~~plans~~an ~~and objectives~~evaluation, ~~are~~under ~~"forward-looking statements” within~~ the ~~meaning~~supervision ofand ~~Section~~with ~~27A of~~ the ~~Securities Act~~participation of ~~1933,~~the asCompany’s ~~amended~~Chief ~~(the~~Executive ~~“Securities Act”)~~Officer, who ~~and~~is ~~Section 21E of~~ the ~~Securities~~Company’s ~~Exchange~~principal ~~Act~~executive ofofficer ~~1934,~~and asprincipal ~~amended (the~~financial ~~“Exchange~~officer ~~Act”).~~and ~~Although~~who we ~~believe~~refer ~~that~~to ~~our~~herein ~~forward~~as ~~looking~~our ~~statements are based on reasonable assumptions~~PEO, of wethe ~~caution~~effectiveness ~~that~~of ~~such~~the ~~statements~~design ~~are~~and ~~subject~~operation toof athe ~~wide~~Company’s ~~range~~disclosure ofcontrols ~~risks, trends~~ and ~~uncertainties~~procedures ~~that~~(as ~~could~~defined ~~cause~~in ~~actual~~Rules ~~results~~13a-15 toand ~~differ~~15d-15 ~~materially~~under ~~from~~the ~~those~~Exchange ~~projected~~Act), ~~Among~~pursuant ~~those~~to ~~risks,~~Exchange ~~trends~~Act ~~and~~Rule ~~uncertainties~~13a-15. ~~are~~As ~~important~~a ~~factors~~result ~~that~~of ~~could~~our ~~cause~~continuing ~~actual results~~efforts to ~~differ~~remediate ~~materially from~~ the material ~~forward~~weaknesses ~~looking~~in ~~statements,~~our ~~including,~~internal ~~but~~control ~~not~~over ~~limited~~financial ~~to;~~reporting ~~the~~that ~~time~~existed ~~management~~as ~~devotes~~of ~~to identifying~~June a30, ~~target~~2011 ~~business;~~and ~~management’s~~which ~~ability~~remained toextant as ~~consummate~~of ~~a business combination;~~ the ~~financial~~close ~~condition~~ of the ~~target~~ ~~company~~period ~~with~~covered ~~which~~by wethis ~~may~~Report, ~~enter~~our aCEO ~~business~~concluded ~~combination;~~that the ~~effect~~Company's ofdisclosure ~~existing~~controls and ~~future~~procedures ~~laws; governmental regulations;~~were ~~the~~not ~~political~~effective ~~and~~as ~~economic climate~~ of ~~the~~September ~~United~~30, ~~States; and conditions in the capital markets~~2011. ~~We undertake no duty to update or revise these forward-looking statements.~~

~~When~~The weaknesses in our disclosure and procedures ~~used~~encompassed weaknesses in ~~this~~certain ~~Form~~elements ~~10-Q,~~of ~~the~~our ~~words,~~internal ~~"expect,"~~control ~~"anticipate,"~~over ~~"intend,"~~financial ~~"plan,"~~reporting ~~"believe,"~~(ICFR) that our subsumed within our ~~"seek,"~~disclosure ~~"estimate"~~controls and ~~similar~~procedures. ~~expressions~~A ~~are~~material ~~intended~~weakness tois ~~identify~~defined ~~forward~~in Section 210.1-~~looking~~02(4) ~~statements,~~of ~~although~~Regulation ~~not~~S-X as a deficiency, or ~~all~~combination ~~forward-looking~~of ~~statements~~deficiencies, ~~contain~~in ~~these~~internal ~~identifying~~control ~~words.~~over ~~Because~~financial ~~these~~reporting, ~~forward-looking~~such ~~statements~~that ~~involve~~there ~~risks~~is ~~and~~a ~~uncertainties, actual~~reasonable ~~results~~possibility ~~could~~that ~~differ~~a ~~materially~~material misstatement ~~from~~of ~~those~~the ~~expressed~~annual or ~~implied~~interim byfinancial ~~these~~statements ~~forward-looking~~will ~~statements~~not ~~for~~be prevented or detected on a ~~number~~timely basis. The specific weaknesses relate to elements of ~~important~~our ICFR that provide reasonable assurances that transactions are recorded as necessary to permit the preparation ~~reasons.~~of financial statements in accordance with generally accepted accounting principles and comprise the following:

~~(11)~~1. We did not maintain effective controls over the control environment. 2. We did not maintain effective controls over financial statement disclosure. 3. We did not maintain effective controls over financial reporting. 4. There existed a lack of segregation of duties in regard to the Company’s financial reporting, procedures for depositing of funds, procedures for cash disbursements, procedures for checkbook entries, period close procedures, and procedures for financial statement preparation, because we have only one officer who is responsible for all such duties.

~~PART~~We IIbelieve —that the weaknesses in our disclosure ~~OTHER~~controls ~~INFORMATION~~and procedures and ICFR are a direct consequence of our size, resource constraints and the nature of our business. We are a “shell company,” as defined under the Securities Act, in that we have no operations and nominal assets. Further, we have no full-time employees. As a result, we are constrained by our lack of resources to take the types of corrective actions that would be necessary to remediate the material weaknesses, including, for example, engaging additional accounting personnel and adopting an audit committee charter and seating an audit committee with at least one independent member who qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K

~~Item~~Changes 1.in ~~Legal~~Internal ~~Proceedings.~~ Controls

There ~~are~~ ~~presently~~have been no ~~material~~changes ~~pending~~in ~~legal proceedings to which~~ the Company,’s internal ~~any~~control ofover ~~its~~financial ~~subsidiaries,~~reporting ~~any~~(as ~~executive~~defined ~~officer,~~in ~~any owner~~Rules of13a-15 ~~record~~and or15d-15 ~~beneficially~~under ofthe ~~more~~Exchange ~~than~~Act) ~~five~~during ~~percent~~the ofthree ~~any~~months ended ~~class~~September of30, ~~voting~~2011 ~~securities~~that ishave amaterially ~~party~~affected, or asare toreasonably ~~which~~likely ~~any~~to ofmaterially ~~its property is subject~~affect, ~~and no such proceedings are known to~~ the Company’s tointernal control beover ~~threatened~~financial ~~or contemplated against it~~reporting.

~~Item 1A. Risk Factors.~~(13)

~~Smaller reporting~~PART ~~companies~~II ~~are~~— ~~not~~OTHER required to provide the information required by this item. We refer readers to our Annual Report on Form 10-K as filed with the SEC on October 12, 2010 for a description of the risks associated with our business and an investment in our securities.INFORMATION

Item 21. ~~Unregistered Sales~~Legal ~~of Equity Securities and Use of Proceeds~~Proceedings.

~~None~~There are presently no material pending legal proceedings to which the Company, any of its subsidiaries, any executive officer, any owner of record or beneficially of more than five percent of any class of voting securities is a party or as to which any of its property is subject, and no such proceedings are known to the Company threatened or contemplated against it.

Item 31A. ~~Defaults~~Risk ~~Upon Senior Securities~~Factors.

~~None~~As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 42. ~~(Reserved)~~Unregistered Sales of Equity Securities and Use of Proceeds.

~~Item 5~~None. ~~Other Information.~~

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

~~Item 6~~None. ~~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 Quarterly Report on Form 10-Q
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 2002.

Item 4. (Reserved)

*Item ~~Pursuant to Commission Release No~~5. ~~33-8238,~~Other 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 referenceInformation.

~~(12)~~None.

~~SIGNATURES~~Item 6. Exhibits.

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.

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 Quarterly Report on Form 10-Q for the quarter ended Septembe

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 2002.
101.INS1	XBRL Instance Document

101.SCH1	XBRL Taxonomy Extension Schema Document

101.CAL1	XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB1	XBRL Taxonomy Extension Label Linkbase Document

101.PRE1	XBRL Taxonomy Extension Presentation Linkbase Document

		BONANZA ONE, INC.
Date: May 20, 2011	By:	/s/ John Holcomb
	Name:	John Holcomb
	Title	President. Principal Executive Officer and Principal Financial Officer

* 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.

(14)

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: November 17, 2011	By:	/s/ John Holcomb
	Name:	John Holcomb
	Title	President. Principal Executive Officer and Principal Financial Officer

Filing Compare · BONANZA ONE, INC.