NOTE 1 -COMPANY BACKGROUND

The  consolidated  financial  statements  include  those  of  Broadleaf Capital Partners, Inc., a Nevada company, (Broadleaf), and its  wholly owned   subsidiaries,   Peacock  Real  Estate  Development  Corporation (PREDC), Peacock International  Corporation (PIC), DotCom Ventures, LLC (DotCom), Peacock Sports, Inc. (PSI), Broadleaf Asset Management (BAM), Broadleaf Financial Services (BFS), Silverleaf Venture Fund, LLC (SVF) and Brand Asset Management (Brand). The consolidated financial statements  also  include its majority-owned subsidiaries, Bay Area Soccer Development Corporation (Bay Area) (70%), Orange County Soccer Development Corporation (Orange)  (70%), Riverside County   Soccer   Development   Corporation   (Riverside)  (53%),   and iNetPartners, Inc. (iNet) (51%). Collectively,  they  are  referred  to herein as "the Company".

PREDC,  a  wholly-owned  subsidiary,  was originally formed on July 29, 1993. On October 22, 1999, the name was  changed from Peacock Financial Corporation   (California)   to   Peacock   Real   Estate   Development Corporation. PREDC has had no significant operations since inception.

PIC, a wholly-owned subsidiary, was formed on December  8, 1997. It has had  no  operations  to  date,  but  was formed to invest and trade  in securities on an international basis.

DotCom was organized on July 23, 1999. Peacock acquired its initial 50% ownership with an initial investment of  $112,203.  On January 5, 2000, the Company acquired the remaining 50% ownership by granting options to acquire a total of 500,000 restricted common shares of  the  Company at $0.10 per share. DotCom was organized for the purposes of conducting an internet production company and to consult start-up and emerging growth companies  with  their  internet  strategies.  DotCom  had  no  operations since 2003.

PSI was incorporated  in January 2000 to hold and manage investments in professional sports. During  the  years  ended December 31, 2003, 2002, and 2001, PSI had no significant operations.

In  January 2000, the Company acquired an 85%  ownership  interest  for $50,000  cash in Orange County Soccer Development Corporation (Orange). The  investment  was  recorded  as  a  purchase.   Orange  discontinued operations effective December 31, 2000.

In February  2000,  the  Company acquired an 85% ownership interest for $100,000 cash in Bay Area  Soccer  Development  Corporation (Bay Area). The investment was recorded as a purchase. Effective December 31, 2000, Bay Area discontinued its operations.

In  February  2000,  the Company acquired a 53% ownership  interest  in Riverside County Soccer Development Corporation (Riverside) for $6,000. The investment was recorded as a purchase. Effective December 31, 2000, Riverside discontinued its operations.

Broadleaf holds a 51%  interest  in  iNet as of December 31, 2001. iNet was organized under the laws of the State of California on December 15, 1999 with the intent to develop Internet  e-commerce  applications  for both  the new and used automotive markets. Effective December 31, 2000, iNet had no significant operations.

On May 23, 2002 Storage Suites America was formed as a wholly owned subsidiary to take advantage of the growing self-storage trend. During 2002 it was decided Broadleaf could not provide the capital and management support needed by Storage Suites America to implement their business plan. During March 2003 the Storage Suites America entity was sold by Broadleaf.

Silverleaf Venture Fund, LLC was formed on July 29, 2003 as a wholly owned subsidiary. The company had a limited history and briefly acquired shares in small micro-cap companies during 2003 and 2004. However, due the lack of liquidity and markets available willing to buy these investments, they were written down to zero market value based on management recommendations and has had no significant operations since 2004.

Broadleaf’s remaining subsidiaries,  BAM,  BFS,  and  Brand, were all incorporated  in  2001.  These subsidiaries have had no operations  to date, and management is currently evaluating its alternatives for these companies.

On  September  15,  1998,  the  Company  filed with the Securities  and Exchange  Commission  to become a Business Development  Corporation  as defined under the Investment  Act  of 1940. Simultaneously, the Company registered an offering circular with  the  SEC for 13,000,000   shares of common stock under Regulation E of the Investment  Act to raise capital and  to  make  investments  in  real  estate and in eligible  portfolio companies. The Company participates in  the  formation  of, and invests in, emerging or early-stage companies in various fields of  business by arranging   for  and  contributing  capital  and  providing  management assistance. During 2004 the Company had failed to comply with Business Development Company requirements while trying to maintain business operations and the Business Development License has been rescinded by the SEC.

From December 2000 through 2006 the Company did not have a permanent President but was run by interim President Robert A. Braner who was also Chairman of the Board during the same time. The Company has since hired a new interim President Michael King and restored its normal management structure.

In February 2012 the Company sold its holdings in Canyon Shadows LP. Since this was the Company’s last investment holding it is currently actively seeking new business opportunities with the cash available after retiring older debt held by the Company. On May 12, 2012 the Company formed Pipeline Nutrition, Inc. with its focus on internet sales in the personal health, nutrition and fitness markets. The Company currently maintains Pipeline Nutrition, Inc. as its only active subsidiary.