10-Q Filing

LIME ENERGY CO. CIK: 1065860 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-035918`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	lime-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 26 Cash Flow Statement 54 Stockholders Equity 9

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.98M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.84M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.84M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$725.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$725.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$24.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.20M	USD	Point-in-time
Inventories	`InventoryNet`	$590.00K	USD	Point-in-time
Inventories	`InventoryNet`	$630.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$32.79M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$28.09M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.21M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.15M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$58.82M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$74.85M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$6.69M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$6.74M	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$96.00K	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$154.00K	USD	Point-in-time
Deferred Financing Costs, Net	`DeferredFinanceCostsNoncurrentNet`	$211.00K	USD	Point-in-time
Deferred Financing Costs, Net	`DeferredFinanceCostsNoncurrentNet`	$228.00K	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$4.81M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$4.62M	USD	Point-in-time
Goodwill	`Goodwill`	$12.78M	USD	Point-in-time
Goodwill	`Goodwill`	$12.78M	USD	Point-in-time
Total Assets	`Assets`	$99.55M	USD	Point-in-time
Total Assets	`Assets`	$83.22M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$234.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$219.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$22.09M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.13M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$1.62M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$1.72M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$231.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$76.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$51.01M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$38.65M	USD	Point-in-time
Long-Term Debt, less current maturities	`LongTermDebtNoncurrent`	$3.42M	USD	Point-in-time
Long-Term Debt, less current maturities	`LongTermDebtNoncurrent`	$3.37M	USD	Point-in-time
Total Liabilities	`Liabilities`	$54.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$42.02M	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 23,975,651 and 23,842,616 issued and ouitstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 23,975,651 and 23,842,616 issued and ouitstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$185.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$186.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-144.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$45.12M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$41.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$99.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$83.22M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$18.98M	USD	1 Quarter
Revenue	`Revenues`	$18.32M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$15.37M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$15.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.61M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.32M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.66M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.17M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$186.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$153.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.53M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.71M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$40.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$25.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$77.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$30.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-52.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.68M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.58M	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Weighted Average Common Shares Basic Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.80M	shares	1 Quarter
Weighted Average Common Shares Basic Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.97M	shares	1 Quarter
Weighted Average Common Shares Diluted Outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.80M	shares	1 Quarter
Weighted Average Common Shares Diluted Outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.97M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.68M	USD	1 Quarter
Net Loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.58M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$76.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$40.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$553.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$348.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$288.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$466.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$3.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$17.00K	USD	1 Quarter
Issuance of stock in exchange for services received	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.24M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.63M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-121.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-40.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$-5.61M	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$-4.69M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-60.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$231.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.34M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.25M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.57M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.04M	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$97.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-229.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-113.00K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-155.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.96M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.39M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.11M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$234.00K	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$1.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-234.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$38.00K	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$63.00K	USD	1 Quarter
Proceeds from issuance of shares for benefit plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$80.00K	USD	1 Quarter
Cash paid for deferred financing costs	`PaymentsOfFinancingCosts`	$31.00K	USD	1 Quarter
Net cash provided by (used) in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-69.00K	USD	1 Quarter
Net cash provided by (used) in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$17.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-4.61M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-5.14M	USD	1 Quarter
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.88M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.29M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.02M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.88M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.29M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.02M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$55.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$7.00K	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$45.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.20M	USD	Point-in-time
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$553.00K	USD	1 Quarter
Shares issued for services received	`StockAndWarrantIssuedDuringPeriodValueServicesReceive`	$20.00K	USD	1 Quarter
Shares issued for benefit plans and option exercises	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlanAndStockOptionsExercised`	$80.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.68M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.58M	USD	1 Quarter
Balance	`StockholdersEquity`	$45.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.20M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.