EX-99.5
6
cnsv_ex99-5.htm
UNAUDITED PRO-FORMA COMBINED BALANCE SHEET AND STATEMENTS OF OPERATIONS OF CONSOLIDATION SERVICES, INC. FOR THE THREE MONTHS ENDED MARCH 31, 2008
Consolidation Services, Inc
Exhibit 99.5
Consolidation Services, Inc.
UNAUDITED CONDENSED COMBINED PRO FORMA BALANCE SHEET
Consolidation
Buckhorn
Services
Resources
Adjusted
Inc.
LLC
Combined
Pro Forma
ProForma
As of March 31, 2008
Totals
Adjustments
AJE
Totals
ASSETS
Current Assets:
Cash
$ 450,643
$ 314
$ 450,957
$ (450,000)
[4]
$ 957
Accounts receivable
-
-
-
-
-
Deposits
105,000
-
105,000
(50,000)
[4]
55,000
Other current assets
-
-
-
-
-
Total Current Assets
555,643
314
555,957
(500,000)
55,957
1,500,000
[4]
Fixed Assets, Net:
184,469
1,028,173
1,212,642
1,535,704
[1]
4,248,346
TOTAL ASSETS
$ 740,112
$ 1,028,487
$ 1,768,599
$ 2,535,704
$ 4,304,303
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
$ 3,854
$ 62,254
$ 66,108
$ (66,108)
[3]
$ -
Related party payable
115,000
-
115,000
-
615,000
Notes payable
-
-
-
500,000
[4]
500,000
Total Current Liabilities
118,854
62,254
181,108
433,892
615,000
Long-Term Liabilities:
Notes payable
-
-
-
500,000
[4]
500,000
Total Long-Term Payables
-
-
-
500,000
500,000
Total Liabilities
118,854
62,254
181,108
933,892
1,115,000
Stockholders' Equity:
Preferred stock
-
-
-
-
-
-
Common stock
11,497
-
11,497
1,094
[1]
12,591
-
Additional paid-in capital
814,239
-
814,239
2,098,906
[1]
2,816,894
(162,359)
[2]
66,108
[3]
Minority interest
-
1,128,592
1,128,592
(564,296)
[1]
564,296
Accumulated deficit
(204,478)
(162,359)
(366,837)
162,359
[2]
(204,478)
Total Stockholders' Equity
621,258
966,233
1,587,491
1,601,812
3,189,303
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
$ 740,112
$ 1,028,487
$ 1,768,599
$ 2,535,704
$ 4,304,303
[1]
To record the issuance of 1,093,750 shares of common stock in the acquisition of a 50% interest in Buckhorn Resources, LLC
[2]
To eliminate accumulated defict of Buckhorn Resources, LLC
[3]
To record payment of accounts payable by owners of Buckhorn Resources LLC as a contribution to capital
[4]
To record payment of $1,500,000 in the acquisition of a 50% interest in Buckhorn Resources, LLC
Consolidation Services, Inc.
UNAUDITED CONDENSED COMBINED PRO FORMA STATEMENT OF OPERATIONS
Consolidation
Buckhorn
Pro-Forma
Services
Resources
Adjusted
Inc.
LLC
Combined
Combined
For the Three Months Ended March 31, 2008
Totals
Adjustments
Totals
REVENUES
Sales revenue
$ -
$ -
$ -
$ -
$ -
Other revenue
-
-
-
-
-
Total Revenues
-
-
-
-
-
COST OF SALES
-
-
-
-
-
GROSS PROFIT
-
-
-
-
-
OPERATING EXPENSES
General and administrative
27,961
6,534
34,495
-
34,495
Depreciation and amortization
-
-
-
-
-
Total Costs and Expenses
27,961
6,534
34,495
-
34,495
OPERATING LOSS
(27,961)
(6,534)
(34,495)
-
(34,495)
OTHER INCOME (EXPENSE)
Interest expense
-
-
-
-
-
Other income
-
-
-
-
-
Total Other Income (Expense)
-
-
-
-
-
NET LOSS
$ (27,961)
$ (6,534)
$ (34,495)
$ -
$ (34,495)

EX - 99 . 5 6 cnsv _ ex99 - 5 . htm UNAUDITED PRO - FORMA COMBINED BALANCE SHEET AND STATEMENTS OF OPERATIONS OF CONSOLIDATION SERVICES , INC . FOR THE THREE MONTHS ENDED MARCH 31 , 2008 Consolidation Services , Inc Exhibit 99 . 5 Consolidation Services , Inc . UNAUDITED CONDENSED COMBINED PRO FORMA BALANCE SHEET Consolidation Buckhorn Services Resources Adjusted Inc . LLC Combined Pro Forma ProForma As of March 31 , 2008 Totals Adjustments AJE Totals ASSETS Current Assets : Cash $ 450,643 $ 314 $ 450,957 $ ( 450,000 ) [ 4 ] $ 957 Accounts receivable - - - - - Deposits 105,000 - 105,000 ( 50,000 ) [ 4 ] 55,000 Other current assets - - - - - Total Current Assets 555,643 314 555,957 ( 500,000 ) 55,957 1,500,000 [ 4 ] Fixed Assets , Net : 184,469 1,028,173 1,212,642 1,535,704 [ 1 ] 4,248,346 TOTAL ASSETS $ 740,112 $ 1,028,487 $ 1,768,599 $ 2,535,704 $ 4,304,303 LIABILITIES AND STOCKHOLDERS ' EQUITY Current Liabilities : Accounts payable $ 3,854 $ 62,254 $ 66,108 $ ( 66,108 ) [ 3 ] $ - Related party payable 115,000 - 115,000 - 615,000 Notes payable - - - 500,000 [ 4 ] 500,000 Total Current Liabilities 118,854 62,254 181,108 433,892 615,000 Long - Term Liabilities : Notes payable - - - 500,000 [ 4 ] 500,000 Total Long - Term Payables - - - 500,000 500,000 Total Liabilities 118,854 62,254 181,108 933,892 1,115,000 Stockholders ' Equity : Preferred stock - - - - - - Common stock 11,497 - 11,497 1,094 [ 1 ] 12,591 - Additional paid - in capital 814,239 - 814,239 2,098,906 [ 1 ] 2,816,894 ( 162,359 ) [ 2 ] 66,108 [ 3 ] Minority interest - 1,128,592 1,128,592 ( 564,296 ) [ 1 ] 564,296 Accumulated deficit ( 204,478 ) ( 162,359 ) ( 366,837 ) 162,359 [ 2 ] ( 204,478 ) Total Stockholders ' Equity 621,258 966,233 1,587,491 1,601,812 3,189,303 TOTAL LIABILITIES AND STOCKHOLDERS ' EQUITY $ 740,112 $ 1,028,487 $ 1,768,599 $ 2,535,704 $ 4,304,303 [ 1 ] To record the issuance of 1,093,750 shares of common stock in the acquisition of a 50 % interest in Buckhorn Resources , LLC [ 2 ] To eliminate accumulated defict of Buckhorn Resources , LLC [ 3 ] To record payment of accounts payable by owners of Buckhorn Resources LLC as a contribution to capital [ 4 ] To record payment of $ 1,500,000 in the acquisition of a 50 % interest in Buckhorn Resources , LLC Consolidation Services , Inc . UNAUDITED CONDENSED COMBINED PRO FORMA STATEMENT OF OPERATIONS Consolidation Buckhorn Pro - Forma Services Resources Adjusted Inc . LLC Combined Combined For the Three Months Ended March 31 , 2008 Totals Adjustments Totals REVENUES Sales revenue $ - $ - $ - $ - $ - Other revenue - - - - - Total Revenues - - - - - COST OF SALES - - - - - GROSS PROFIT - - - - - OPERATING EXPENSES General and administrative 27,961 6,534 34,495 - 34,495 Depreciation and amortization - - - - - Total Costs and Expenses 27,961 6,534 34,495 - 34,495 OPERATING LOSS ( 27,961 ) ( 6,534 ) ( 34,495 ) - ( 34,495 ) OTHER INCOME ( EXPENSE ) Interest expense - - - - - Other income - - - - - Total Other Income ( Expense ) - - - - - NET LOSS $ ( 27,961 ) $ ( 6,534 ) $ ( 34,495 ) $ - $ ( 34,495 )
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