Kirkcaldy Group, LLC Variable Interest Entity (Tables)

12 Months Ended

Dec. 31, 2012

Kirkcaldy Group Llc Variable Interest Entity

The following table represents the effect of the Kirkcaldy Group, LLC on the consolidated balances of WebXU as of December 31, 2011:

	Webxu/Subs			Kirkcaldy			Elimination Entries				Consolidated Balances
Revenue	$	6,944,516		$	166,693		$	(116,667	)	(1)	$	6,994,542
(Cost of Goods Sold)		(4,610,606	)		-			-				(4,610,606	)
Operating Expenses		(3,904,428	)		(65,738	)		-				(3,970,166	)
Income (Loss)		(1,570,518	)		100,955			(116,667	)			(1,586,230	)
Interest Expense		(92,253	)		-			-				(92,253	)
Net Income (Loss)	$	(1,662,771	)	$	100,955		$	(116,667	)		$	(1,678,483	)

(1)

Eliminates the revenue received to Kirkcaldy from Bonus Interactive, a wholly owned subsidiary, which is a discontinued operation as of October 31, 2012.

Schedule of Condensed Balance Sheet

Cash	$	825,403		$	76,617		$	-			$	902,020
Accounts Receivable		2,858,103			555,963			(555,963	)	(2)		2,858,103
Other Assets		7,492,354			359,248			-				7,851,602
Assets		11,175,860			991,828			(555,963	)			11,611,725
Accounts Payable		(1,585,206	)		(503,409	)		(503,030		(3)		(1,585,585	)
Other Liabilities		(8,750,097	)		(387,385	)		-				(9,137,482	)
Liabilities		(10,335,303	)		(1,092,783	)		(503,030	)			(10,723,067	)
Equity		(989,613	)		100,955			-				(888,658	)
Total Liabilities & Equity		(11,122,927	)		(991,828	)		(503,030	)		$	(11,611,725	)

	(2)	Eliminates the receivable from Bonus Interactive, a wholly owned subsidiary, which is a discontinued operation since October 31, 2012.

	(3)	Eliminates the payable from Bonus Interactive, a wholly owned subsidiary, which is a discontinued operation since October 31, 2012.

WebXU, Inc. 10-K