10-Q Filing

LIME ENERGY CO. CIK: 1065860 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-039037`
Period End Date	20150331
Filing Date	20150518
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lime-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 39 Cash Flow Statement 59 Stockholders Equity 8

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.75M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	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`	$5.47M	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 $1,755 and $1,794 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$11.82M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,755 and $1,794 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$18.54M	USD	Point-in-time
Inventories	`InventoryNet`	$176.00K	USD	Point-in-time
Inventories	`InventoryNet`	$2.54M	USD	Point-in-time
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
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$8.74M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$7.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.55M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$946.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$619.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.55M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.46M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$609.00K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$613.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$26.61M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$37.52M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.77M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.47M	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$710.00K	USD	Point-in-time
Long-Term Receivables	`LongTermAccountsNotesAndLoansReceivableNetNoncurrent`	$953.00K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$5.56M	USD	Point-in-time
Deferred Financing Costs, net	`DeferredFinanceCostsNoncurrentNet`	$22.00K	USD	Point-in-time
Deferred Financing Costs, net	`DeferredFinanceCostsNoncurrentNet`	$14.00K	USD	Point-in-time
Goodwill	`Goodwill`	$8.00M	USD	Point-in-time
Goodwill	`Goodwill`	$6.01M	USD	Point-in-time
Total Assets	`Assets`	$34.82M	USD	Point-in-time
Total Assets	`Assets`	$53.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.25M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$705.00K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$1.04M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$512.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$777.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.00K	USD	Point-in-time
Current portion of long-term liabilities	`LongTermDebtCurrent`	$16.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$942.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$806.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$16.62M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$24.30M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$7.29M	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesNoncurrent`	$6.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$38.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$16.62M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 9,545,420 and 3,726,705 issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $.0001 par value; 50,000,000 shares authorized 9,545,420 and 3,726,705 issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$208.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$208.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-200.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-202.45M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$53.81M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$34.82M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$12.28M	USD	1 Quarter
Revenue	`Revenues`	$18.30M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$8.55M	USD	1 Quarter
Cost of sales	`CostOfServicesEnergyServices`	$12.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.50M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.73M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.81M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.91M	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$694.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$31.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.03M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.18M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$35.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$60.00K	USD	1 Quarter
Extinguishment of debt	`ExtinguishmentOfDebtAmount`	$1.42M	USD	1 Quarter
Loss from change in derivative liability	`DerivativeLossOnDerivative`	$805.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-2.25M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.28M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.17M	USD	1 Quarter
Income Tax Benefit	`IncomeTaxExpenseBenefit`	$-1.25M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.17M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-2.04M	USD	1 Quarter
Loss from operation of discontinued business	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-3.00K	USD	1 Quarter
Loss from operation of discontinued business	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-63.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$308.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.47M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.41M	USD	1 Quarter
Net loss available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.63M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.24	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.71	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	1 Quarter
Basic and Diluted Loss Per Common Share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.71	USD	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,503.00	shares	1 Quarter
Weighted Average Common Shares Outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3,725.00	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$189.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$97.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$225.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$126.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$208.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$8.00K	USD	1 Quarter
Change in derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$805.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.42M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.25M	USD	1 Quarter
Interest on Sub Notes added to principle	`DebtInstrumentIncreaseAccruedInterest`	$32.00K	USD	1 Quarter
Preferred dividends	`DividendsPreferredStockPaidinkind`	$-308.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$390.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$443.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$186.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContracts`	$1.33M	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`	$33.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.00K	USD	1 Quarter
Assets of discontinued operations	`IncreaseDecreaseInAssetsOfDiscontinuedOperations`	$-1.10M	USD	1 Quarter
Assets of discontinued operations	`IncreaseDecreaseInAssetsOfDiscontinuedOperations`	$-4.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.16M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.03M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-955.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.30M	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$273.00K	USD	1 Quarter
Customer deposits and other current liabilities	`IncreaseDecreaseInCustomerDepositsAndOtherCurrentLiabilities`	$188.00K	USD	1 Quarter
Customer deposits and other current liabilities	`IncreaseDecreaseInCustomerDepositsAndOtherCurrentLiabilities`	$-839.00K	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$-1.42M	USD	1 Quarter
Liabilities of discontinued operations	`IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations`	$136.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.94M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.00K	USD	1 Quarter
Acquisition of EnerPath	`PaymentsToAcquireBusinessesGross`	$11.00M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$92.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.24M	USD	1 Quarter
Proceeds from the issuance of convertible notes	`ProceedsFromConvertibleDebt`	$11.75M	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
Deferred financing costs	`PaymentsOfFinancingCosts`	$337.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.99M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.41M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.04M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$158.00K	USD	1 Quarter
Cash and Cash Equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	USD	Point-in-time
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`	$5.47M	USD	Point-in-time
Cash and Cash Equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.63M	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`	$5.47M	USD	Point-in-time
Continuing operations	`InterestPaid`	$20.00K	USD	1 Quarter
Financed vehicle purchases	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$88.00K	USD	1 Quarter
Accrued costs related to preferred stock issuance	`PreferredStockIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$250.00K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Preferred stock dividends	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$308.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$225.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Balance	`StockholdersEquity`	$8.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time

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