EX-99.4
4
greenhouse_8ka-ex9904.htm
PRO FORMA BALANCE SHEET AND STATEMENT OF OPERATIONS
greenhouse_8ka-ex9904.htm
Exhibit 99.4
Unaudited Pro Forma Combined Condensed Statement of Operations
The following unaudited pro forma combined condensed statement of operations is presented to illustrate the estimated effects of the acquisition of LPI. The unaudited pro forma combined condensed statement of operations was prepared using the historical condensed statement of operations of the Registrant and the unaudited historical condensed statement of operations of Life Protection. The unaudited pro forma combined condensed statement of operations should be read in conjunction with the Registrant's audited statement of operations for the year ended December 31, 2010.
The unaudited pro forma combined condensed statement of operations for the six months ended June 30, 2010 assumes that the acquisition of LPI was consummated at the beginning of the period presented. The unaudited pro forma combined condensed statement of operations for the six months ended June 30, 2010 combines the unaudited condensed statement of operations of the Registrant for the six months ended June 30, 2010 with the unaudited condensed statement of operations of Life Protection for the six months ended June 30, 2010.
UNAUDITED PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2010 (UNAUDITED)
GreenHouse
Holdings, Inc.
and Subsidiaries
Historical
Life Protection, Inc,
and Subsidiary
Historical
Pro Forma
Adjustments
Ref
Combined
(1)
Revenues
$
2,703,674
$
3,021,695
$
-
$
5,725,369
Cost of goods sold
1,512,292
2,155,601
-
3,667,893
Gross profit
1,191,382
866,094
-
2,057,476
Operating expenses
2,715,991
194,507
162,308
(2)
3,072,806
(Loss) income from operations
(1,524,609
)
671,587
(162,308
)
(1,015,330
)
Other income (expense)
(458,549
)
(17,832
)
-
(476,381
)
Loss (income) before income taxes
(1,983,158
)
653,755
(162,308
)
(1,491,711
)
Income tax expense (benefit)
-
-
-
-
Net loss (income)
(1,983,158
)
653,755
(162,308
)
(1,491,711
)
Income attributable to noncontrolling interest
-
419,340
-
419,340
Net (loss) income attributable to Life Protection, Inc.
$
(1,983,158
)
$
234,415
$
(162,308
)
$
(1,911,051
)
Net (loss) income per share;
Basic and Diluted
$
(0.09
)
$
0.22
$
(0.07
)
Weighted average number of shares, basic and diluted:
22,253,469
1,088,760
29,990
(3)
26,899,551
(1)
Represents unaudited results of operations of Life Protection, Inc. and Subsidiary from January 1, 2010 to June 30, 2010.
(2)
Increase in operating expenses of $162,308 represents additional amortization of intangible assets as if Life Protection
was acquired as of January 1, 2010.
(3)
The adjustment to weighted average number of common shares outstanding reflects the change necessary to calculate
shares outstanding as if Life Protection was acquired on January 1, 2010.

EX - 99 . 4 4 greenhouse _ 8ka - ex9904 . htm PRO FORMA BALANCE SHEET AND STATEMENT OF OPERATIONS greenhouse _ 8ka - ex9904 . htm Exhibit 99 . 4 Unaudited Pro Forma Combined Condensed Statement of Operations The following unaudited pro forma combined condensed statement of operations is presented to illustrate the estimated effects of the acquisition of LPI . The unaudited pro forma combined condensed statement of operations was prepared using the historical condensed statement of operations of the Registrant and the unaudited historical condensed statement of operations of Life Protection . The unaudited pro forma combined condensed statement of operations should be read in conjunction with the Registrant 's audited statement of operations for the year ended December 31 , 2010 . The unaudited pro forma combined condensed statement of operations for the six months ended June 30 , 2010 assumes that the acquisition of LPI was consummated at the beginning of the period presented . The unaudited pro forma combined condensed statement of operations for the six months ended June 30 , 2010 combines the unaudited condensed statement of operations of the Registrant for the six months ended June 30 , 2010 with the unaudited condensed statement of operations of Life Protection for the six months ended June 30 , 2010 . UNAUDITED PRO FORMA COMBINED CONDENSED STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30 , 2010 ( UNAUDITED ) GreenHouse Holdings , Inc . and Subsidiaries Historical Life Protection , Inc , and Subsidiary Historical Pro Forma Adjustments Ref Combined ( 1 ) Revenues $ 2,703,674 $ 3,021,695 $ - $ 5,725,369 Cost of goods sold 1,512,292 2,155,601 - 3,667,893 Gross profit 1,191,382 866,094 - 2,057,476 Operating expenses 2,715,991 194,507 162,308 ( 2 ) 3,072,806 ( Loss ) income from operations ( 1,524,609 ) 671,587 ( 162,308 ) ( 1,015,330 ) Other income ( expense ) ( 458,549 ) ( 17,832 ) - ( 476,381 ) Loss ( income ) before income taxes ( 1,983,158 ) 653,755 ( 162,308 ) ( 1,491,711 ) Income tax expense ( benefit ) - - - - Net loss ( income ) ( 1,983,158 ) 653,755 ( 162,308 ) ( 1,491,711 ) Income attributable to non controlling interest - 419,340 - 419,340 Net ( loss ) income attributable to Life Protection , Inc . $ ( 1,983,158 ) $ 234,415 $ ( 162,308 ) $ ( 1,911,051 ) Net ( loss ) income per share ; Basic and Diluted $ ( 0 . 09 ) $ 0 . 22 $ ( 0 . 07 ) Weighted average number of shares , basic and diluted : 22,253,469 1,088,760 29,990 ( 3 ) 26,899,551 ( 1 ) Represents unaudited results of operations of Life Protection , Inc . and Subsidiary from January 1 , 2010 to June 30 , 2010 . ( 2 ) Increase in operating expenses of $ 162,308 represents additional amortization of intangible assets as if Life Protection was acquired as of January 1 , 2010 . ( 3 ) The adjustment to weighted average number of common shares outstanding reflects the change necessary to calculate shares outstanding as if Life Protection was acquired on January 1 , 2010 .