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Note 14 - Acquisition Pro Forma Numbers | 3 Months Ended
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Mar. 31, 2014
Notes |
Note 14 - Acquisition Pro Forma Numbers | NOTE 14 - ACQUISITION PRO FORMA NUMBERS During the month of March 2013 we acquired the assets of two companies Litigation Capital Corp.(Litigation) and Texas Gulf Oil & Gas (TGOG), which qualify as significant subsidiaries. We have detailed the transaction in our other footnotes on acquisitions and stock. Since we have acquired these assets prior to the close of our quarter, we are including the audited pro forma numbers for 2013 and 2012.
BROADLEAF CAPITAL PARTNERS, INC.
Pro Forma Consolidated Balance Sheets
|  | Legal |  | Pro-Forma
| Broadleaf | Capital | TGEP | Consolidated
| 12/31/13 | 12/31/13 | 12/31/13 | 12/31/13
| Audited | Audited |  |
ASSETS |  |  |  |
CURRENT ASSETS |  |  |  |
Cash | $7,045 | $53,890 | $0 | $60,935
Notes receivable current portion | 135,000 | 0 | 0 | 135,000
TOTAL CURRENT ASSETS | 142,045 | 53,890 | 0 | 195,935
Note Receivable - Net of Current Portion | 165,000 | 0 | 0 | 165,000
Property, Plant and Equipment | 0 | 0 | 32,610 | 32,610
Intangible assets | 0 | 0 | 7,751,031 | 7,751,031
Goodwill | 0 | 255,000 | 0 | 255,000
Investments in Sub | 8,098,408 | 0 | 0 | 0
TOTAL ASSETS | $8,405,453 | $308,890 | $7,783,641 | $8399,576
LIABILITIES AND EQUITY |  |  |  |
CURRENT LIABILITIES |  |  |  |
Accounts payable and accrued expenses | $14,951 | $0 | $58,400 | $73,351
Accrued interest | 0 | 0 | 0 | 0
Notes payable - current portion | 12,750 | 0 | 0 | 12,750
TOTAL CURRENT LIABILITIES | 27,701 | 0 | 58,400 | 86,101
TOTAL LIABILITIES | 27,701 | 0 | 58,400 | 86,101
COMMITMENTS AND CONTINGENCIES |  |  |  |
BROADLEAF CAPITAL PARTNERS, INC.( "BDLF")SHAREHOLDERS' EQUITY |  |  |  |
Preferred Stock 10,000,000 authorized all series: |  |  |  |
Series A $0.01 par value 900 shares issued and outstanding at December 31, 2013. | 9 | 0 | 0 | 9
Series B $0.01 par value 300,000 shares issued and outstanding atDecember 31, 2013 | 3,000 | 0 | 0 | 3,000
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874 shares issued and outstanding December 31, 2013. | 167,098 | 0 | 0 | 167,098
Additional paid-in capital | 22,236,906 | 355,025 | 7,725,241 | 22,218,764
Accumulated deficit | (14,029,261) | (46,135) | 0 | (14,075,396)
TOTAL EQUITY | 8,377,752 | 308,890 | 7,725,241 | 8,313,475
TOTAL LIABILITIES AND EQUITY | $8,405,453 | $308,890 | $7,783,641 | $8,399,576
BROADLEAF CAPITAL PARTNERS, INC. |
Pro Forma Consolidated Statements of Operations |
|  | Legal |  | Pro-Forma |
| Broadleaf | Capital | TGEP | Consolidated |
| For the Years Ended |
| 12/31/13 | 12/31/13 | 12/31/13 | 12/31/13
| Audited | Audited |  |
REVENUES | $8,467 | $0 | $33,042 | $41,509
COST OF SALES | 0 | 0 | 32,002 | 32,002
GROSS PROFIT | 8,467 | 0 | 1,040 | 9,507
OPERATING EXPENSES | 36,543 | 27,551 | 97,089 | 161,183
NET INCOME(LOSS) FROM OPERATIONS | (28,076) | (27,551) | (96,049) | (151,676)
OTHER INCOME (EXPENSE) |  |  |  |
Realized Gain on Sale of Investment | 139,050 | 0 | 0 | 139,050
Debt Forgiveness | 46,871 | 0 | 0 | 46,871
Interest income | 10,000 | 0 | 0 | 10,000
Interest expense | 0 | 0 | 0 | 0
TOTAL OTHER INCOME (EXPENSE) | 195,921 | 0 | 0 | 195,921
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES | 167,845 | (27,551) | (96,049) | 44,245
Income taxes | (9,451) | 0 | 0 | (9,451)
NET INCOME (LOSS) | $158,394 | $(27,551) | $(96,049) | $34,794
BASIC INCOME (LOSS) PER SHARE |  |  |  |
Basic Income (Loss) Per Share | 0.001 | (27.551) |  | 0.000
BASIC & DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 163,318,216 | 1,000 |  | 163,318,216
BROADLEAF CAPITAL PARTNERS, INC. |
Pro Forma Consolidated Balance Sheets |
|  | Legal |  | Pro-Forma
| Broadleaf | Capital | TGEP | Consolidated
| 12/31/12 | 12/31/12 | 12/31/12 | 12/31/12
| Audited | Audited |  |
ASSETS |  |  |  |
CURRENT ASSETS |  |  |  |
Cash | $94,642 | $31,416 | $0 | $126,058
Notes receivable current portion | 0 | 0 | 0 | 0
TOTAL CURRENT ASSETS | 94,642 | 31,416 | 0 | 126,058
Note Receivable - Net of Current Portion | 125,000 | 0 | 0 | 125,000
Property, Plant and Equipment | 0 | 0 | 39,130 | 39,130
Intangible assets | 0 | 0 | 7,751,031 | 7,751,031
Goodwill | 0 | 255,000 | 0 | 255,000
Investments in Sub | 8,098,408 | 0 | 0 | 0
TOTAL ASSETS | $8,318,050 | $286,416 | $7,790,161 | $8,296,219
LIABILITIES AND EQUITY |  |  |  |
CURRENT LIABILITIES |  |  |  |
Accounts payable and accrued expenses | $51,821 | $0 | $0 | $51,821
Accrued interest | 16,488 | 0 | 0 | 16,488
Notes payable - current portion | 30,383 | 0 | 0 | 30,383
TOTAL CURRENT LIABILITIES | 98,692 | 0 | 0 | 98,692
TOTAL LIABILITIES | 98,692 | 0 | 0 | 98,692
COMMITMENTS AND CONTINGENCIES |  |  |  |
BROADLEAF CAPITAL PARTNERS, INC.( "BDLF")SHAREHOLDERS' EQUITY |  |  |  |
Preferred Stock 10,000,000 authorized all series: |  |  |  |
Series A $0.01 par value 900 shares issued and outstanding at December 31, 2013 | 9 | 0 | 0 | 9
Series B $0.01 par value 300,000 shares issued and outstanding at December 31, 2013 | 3000 | 0 | 0 | 3,000
Common Stock 250,000,000 authorized at $0.001 par value; 167,097,874 shares issued and outstanding December 31, 2013 | 167,098 | 0 | 0 | 167,098
Additional paid-in capital | 22,236,906 | 305,000 | 7,790,161 | 22,233,659
Accumulated deficit | (14,187,655) | (18,584) | 0 | (14,206,239)
TOTAL EQUITY | 8,219,358 | 286,416 | 7,790,161 | 8,197,527
TOTAL LIABILITIES AND EQUITY | $8,318,050 | $286,416 | $7,790,161 | $8,296,219
BROADLEAF CAPITAL PARTNERS, INC.
Pro Forma Consolidated Statements of Operations
|  | Legal |  | Pro-Forma
| Broadleaf | Capital | TGEP | Consolidated
| For the Year Ended
| 12/31/12 | 12/31/12 | 12/31/12 | 12/31/12
| Audited | Audited |  |
REVENUES | $633 | $0 | $54,671 | $55,304
COST OF SALES | 0 | 0 | 5,652 | 5,652
GROSS PROFIT | 633 | 0 | 49,019 | 49,652
OPERATING EXPENSES | 130,836 | 18,584 | 68,888 | 218,308
NET INCOME(LOSS) FROM OPERATIONS | (130,203) | (18,584) | (19,869) | (168,656)
OTHER INCOME (EXPENSE) |  |  |  |
Realized Gain on Sale of Investment | 927,318 | 0 | 0 | 927,318
Debt Forgiveness | 138,238 | 0 | 0 | 138,238
Other Expense | 0 | 0 | (2,163) | (2,163)
Interest income | 0 | 0 | 0 | 0
Interest expense | (9,490) | 0 | 0 | (9,490)
TOTAL OTHER INCOME (EXPENSE) | 1,056,066 | 0 | (2,163 | 1,053,903
INCOME (LOSS) FROM CONTINUING OPERATION BEFORE INCOME TAXES | 925,863 | (18,584) | (22,032) | 885,247
Income taxes | (1,654) | 0 | 0 | (1,654)
NET INCOME (LOSS) | $924,209 | $(18,584) | $(22,032) | $883,593
BASIC INCOME (LOSS) PER SHARE |  |  |  |
Basic Income (Loss) Per Share | 0.006 | (18.584) |  | 0.005
BASIC & DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 163,318,216 | 1,000 |  | 163,318,216

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