10-Q Filing

LIME ENERGY CO. CIK: 1065860 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-038659`
Period End Date	20140331
Filing Date	20140514
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	lime-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 10

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.82M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,849 and $1,824, respectively	`AccountsReceivableNetCurrent`	$9.41M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,849 and $1,824, respectively	`AccountsReceivableNetCurrent`	$9.15M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$6.62M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$4.84M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$288.00K	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$255.00K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.73M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$19.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$26.91M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.56M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.47M	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$296.00K	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$292.00K	USD	Point-in-time
Goodwill	`Goodwill`	$6.01M	USD	Point-in-time
Goodwill	`Goodwill`	$6.01M	USD	Point-in-time
Total Assets	`Assets`	$27.05M	USD	Point-in-time
Total Assets	`Assets`	$34.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.91M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$1.71M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$407.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$72.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$74.00K	USD	Point-in-time
Current liability to trade creditor	`AccountsPayableTradeCurrent`	$5.30M	USD	Point-in-time
Current liability to trade creditor	`AccountsPayableTradeCurrent`	$3.24M	USD	Point-in-time
Current liability to trade creditor	`AccountsPayableTradeCurrent`	$2.40M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.83M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$27.01M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$18.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$27.01M	USD	Point-in-time
Total Liabilities	`Liabilities`	$18.79M	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 3,726,705 and 3,667,295 issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 3,726,705 and 3,667,295 issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$207.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-197.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-198.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.77M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.27M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$34.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$27.05M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$11.22M	USD	1 Quarter
Revenue	`Revenues`	$12.28M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$8.59M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$8.55M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.73M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.63M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.91M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.03M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$6.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.18M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.41M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$14.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$261.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-247.00K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.17M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-3.66M	USD	1 Quarter
Loss from operation of discontinued business	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-3.00K	USD	1 Quarter
Loss from operation of discontinued business	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-3.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.71M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.47M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.63M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.71M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-1.02	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.71	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.85	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.71	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.87	USD	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.73M	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.60M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.71M	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$103.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$189.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$126.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$182.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$268.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$26.00K	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfDebtDiscountPremium`	$66.00K	USD	1 Quarter
Loss on disposition of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-13.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-385.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$443.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$574.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$-1.78M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$33.00K	USD	1 Quarter
Assets of discontinued operations	`IncreaseDecreaseInAssetsOfDiscontinuedOperations`	$-1.30M	USD	1 Quarter
Assets of discontinued operations	`IncreaseDecreaseInAssetsOfDiscontinuedOperations`	$-1.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.02M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$468.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-955.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$352.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.30M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-839.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-227.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-1.42M	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$1.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.94M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	1 Quarter
Proceeds from sale of ESCO business	`ProceedsFromDivestitureOfBusinesses`	$1.86M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$187.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.67M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$47.00K	USD	1 Quarter
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.00M	USD	1 Quarter
Costs related to preferred stock issuances	`PaymentsOfStockIssuanceCosts`	$8.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.99M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-47.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.04M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$181.00K	USD	1 Quarter
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.94M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.94M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash paid during the period for interest - discontinued operations	`InterestPaidDiscontinuedOperations`	$50.00K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.27M	USD	Point-in-time
Issuance of Preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$2.00M	USD	1 Quarter
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$8.00K	USD	1 Quarter
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$457.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$126.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.71M	USD	1 Quarter
Balance	`StockholdersEquity`	$7.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.27M	USD	Point-in-time

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