EX-99.4
5
cnsv_ex99-4.htm
UNAUDITED PRO-FORMA COMBINED BALANCE SHEET AND STATEMENTS OF OPERATIONS OF CONSOLIDATION SERVICES, INC. FOR THE YEAR ENDED DECEMBER 31, 2007
Exhibit 99.4
Consolidation Services, Inc.
UNAUDITED CONDENSED COMBINED PRO FORMA BALANCE SHEET
Consolidation
Buckhorn
Services
Resources
Adjusted
Inc.
LLC
Combined
Pro Forma
ProForma
As of December 31, 2007
Totals
Adjustments
AJE
Totals
ASSETS
Current Assets:
Cash
$ 78,482
$ 329
$ 78,811
$ -
[4]
$ 78,811
Accounts receivable
-
-
-
-
-
Deposits
5,000
-
5,000
-
[4]
5,000
Other current assets
-
-
-
-
-
Total Current Assets
83,482
329
83,811
-
83,811
1,500,000
[4]
Fixed Assets, Net:
184,469
1,028,173
1,212,642
1,535,704
[1]
4,248,346
TOTAL ASSETS
$ 267,951
$ 1,028,502
$ 1,296,453
$ 3,035,704
$ 4,332,157
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable
$ 10,732
$ 55,735
$ 66,467
$ (55,735)
[3]
$ 10,732
Related party payable
125,000
-
125,000
-
1,125,000
Notes payable
-
-
-
1,000,000
[4]
1,000,000
Total Current Liabilities
135,732
55,735
191,467
944,265
1,135,732
Long-Term Liabilities:
Notes payable
-
-
-
500,000
[4]
500,000
Total Long-Term Payables
-
-
-
500,000
500,000
Total Liabilities
135,732
55,735
191,467
1,444,265
1,635,732
Stockholders' Equity:
Preferred stock
-
-
-
-
-
-
Common stock
10,980
-
10,980
1,094
[1]
12,074
-
Additional paid-in capital
297,756
-
297,756
2,098,906
[1]
2,275,880
(176,517)
[2]
55,735
[3]
Minority interest
-
1,128,592
1,128,592
(564,296)
[1]
564,296
Accumulated deficit
(176,517)
(155,825)
(332,342)
176,517
[2]
(155,825)
Total Stockholders' Equity
132,219
972,767
1,104,986
1,591,439
2,696,425
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
$ 267,951
$ 1,028,502
$ 1,296,453
$ 3,035,704
$ 4,332,157
[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 deficit 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 Year Ended December 31, 2007
Totals
Adjustments
Totals
REVENUES
Sales revenue
$ -
$ -
$ -
$ -
$ -
Other revenue
-
-
-
-
-
Total Revenues
-
-
-
-
-
COST OF SALES
-
-
-
-
-
GROSS PROFIT
-
-
-
-
-
OPERATING EXPENSES
General and administrative
176,517
44,109
220,626
-
220,626
Depreciation and amortization
-
-
-
-
-
Total Costs and Expenses
176,517
44,109
220,626
-
220,626
OPERATING LOSS
(176,517)
(44,109)
(220,626)
-
(220,626)
OTHER INCOME (EXPENSE)
Interest expense
-
-
-
-
-
Other income
-
-
-
-
-
Total Other Income (Expense)
-
-
-
-
-
NET LOSS
$ (176,517)
$ (44,109)
$ (220,626)
$ -
$ (220,626)

EX - 99 . 4 5 cnsv _ ex99 - 4 . htm UNAUDITED PRO - FORMA COMBINED BALANCE SHEET AND STATEMENTS OF OPERATIONS OF CONSOLIDATION SERVICES , INC . FOR THE YEAR ENDED DECEMBER 31 , 2007 Exhibit 99 . 4 Consolidation Services , Inc . UNAUDITED CONDENSED COMBINED PRO FORMA BALANCE SHEET Consolidation Buckhorn Services Resources Adjusted Inc . LLC Combined Pro Forma ProForma As of December 31 , 2007 Totals Adjustments AJE Totals ASSETS Current Assets : Cash $ 78,482 $ 329 $ 78,811 $ - [ 4 ] $ 78,811 Accounts receivable - - - - - Deposits 5,000 - 5,000 - [ 4 ] 5,000 Other current assets - - - - - Total Current Assets 83,482 329 83,811 - 83,811 1,500,000 [ 4 ] Fixed Assets , Net : 184,469 1,028,173 1,212,642 1,535,704 [ 1 ] 4,248,346 TOTAL ASSETS $ 267,951 $ 1,028,502 $ 1,296,453 $ 3,035,704 $ 4,332,157 LIABILITIES AND STOCKHOLDERS ' EQUITY Current Liabilities : Accounts payable $ 10,732 $ 55,735 $ 66,467 $ ( 55,735 ) [ 3 ] $ 10,732 Related party payable 125,000 - 125,000 - 1,125,000 Notes payable - - - 1,000,000 [ 4 ] 1,000,000 Total Current Liabilities 135,732 55,735 191,467 944,265 1,135,732 Long - Term Liabilities : Notes payable - - - 500,000 [ 4 ] 500,000 Total Long - Term Payables - - - 500,000 500,000 Total Liabilities 135,732 55,735 191,467 1,444,265 1,635,732 Stockholders ' Equity : Preferred stock - - - - - - Common stock 10,980 - 10,980 1,094 [ 1 ] 12,074 - Additional paid - in capital 297,756 - 297,756 2,098,906 [ 1 ] 2,275,880 ( 176,517 ) [ 2 ] 55,735 [ 3 ] Minority interest - 1,128,592 1,128,592 ( 564,296 ) [ 1 ] 564,296 Accumulated deficit ( 176,517 ) ( 155,825 ) ( 332,342 ) 176,517 [ 2 ] ( 155,825 ) Total Stockholders ' Equity 132,219 972,767 1,104,986 1,591,439 2,696,425 TOTAL LIABILITIES AND STOCKHOLDERS ' EQUITY $ 267,951 $ 1,028,502 $ 1,296,453 $ 3,035,704 $ 4,332,157 [ 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 deficit 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 Year Ended December 31 , 2007 Totals Adjustments Totals REVENUES Sales revenue $ - $ - $ - $ - $ - Other revenue - - - - - Total Revenues - - - - - COST OF SALES - - - - - GROSS PROFIT - - - - - OPERATING EXPENSES General and administrative 176,517 44,109 220,626 - 220,626 Depreciation and amortization - - - - - Total Costs and Expenses 176,517 44,109 220,626 - 220,626 OPERATING LOSS ( 176,517 ) ( 44,109 ) ( 220,626 ) - ( 220,626 ) OTHER INCOME ( EXPENSE ) Interest expense - - - - - Other income - - - - - Total Other Income ( Expense ) - - - - - NET LOSS $ ( 176,517 ) $ ( 44,109 ) $ ( 220,626 ) $ - $ ( 220,626 )