Kyle L. Tingle
CPA, LLC
PERSONAL FINANCIAL PLANNING, BUSINESS SERVICES & TAX PLANNING
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Stockholders
Galenfeha,Inc.
We have audited the accompanying balance sheets of Galenfeha, Inc.. as of March 31, 2013 and the relatedstatements of operations, stockholders’ equity, and cash flows for the period March 14, 2013 (date of inception) throughMarch31,2013.Thesefinancialstatementsarethe responsibilityoftheCompany'smanagement.Ourresponsibilityis toexpressanopiniononthesefinancialstatementsbasedonouraudit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board(United States). Thosestandards require thatweplanandperformtheaudittoobtainreasonable assurance aboutwhetherthefinancialstatements arefreeofmaterialmisstatement.TheCompany isnotrequiredtohave,norwereweengagedtoperform,anauditofitsinternalcontroloverfinancialreporting.Ourauditsincludedconsiderationofinternal control over financial reporting as a basis for designing audit procedures that are appropriate in thecircumstances, butnotforthe purpose ofexpressing anopinion ontheeffectiveness oftheCompany's internalcontrol overfinancial reporting. Accordingly, weexpressnosuchopinion. Anauditincludesexamining, onatest basis,evidencesupportingtheamountsanddisclosuresinthefmancialstatements. Anauditalsoincludesassessingtheaccounting principles usedandsignificant estimates made bymanagement, as wellasevaluating theoverallfinancialstatementpresentation.Webelievethatourauditprovideareasonablebasisforouropinion.
In our opinion,the financial statements referred to above present fairly,in all material respects,the financial positionofGalenfeha,Inc..asofMarch31,2013andtheresultsofitsoperations andcashflowsforthe period March 14, 2013 (date of inception) through March 31, 2013 in conformity with U.S. generally accepted accounting principles.
The accompanying financial statements have been prepared assuming that the Company will continue as a goingconcern.As discussedin Note2tothefinancialstatements,theCompanyhaslimitedoperationsandhaslimitedestablished sources of revenue. This raises substantial doubt about its ability to continue as agoing concern. Management’s plan in regard to these matters is also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Kyle L. Tingle, CPA, LLC
Kyle L. Tingle, CPA, LLC
May20,2013
Las Vegas,Nevada
3145 E.WarmSpringsRoad•Suite200•LasVegas,Nevada89120•PHONE:(702)450-2200•FAX:(702)436-4218
E-MAIL: ktingle@kyletinglecpa.com