10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001393905-11-000549`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	bblu-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$2.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$3.90M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$624.22K	USD	Point-in-time
Inventory, net	`InventoryNet`	$361.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.86M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$809.30K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$38.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.86M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.94M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.05M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$214.05K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$10.93K	USD	Point-in-time
Deposits	`Deposits`	$17.93K	USD	Point-in-time
Deposits	`Deposits`	$3.00K	USD	Point-in-time
Distributorship and license, net	`IndefiniteLivedLicenseAgreements`	$2.82M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$2.84M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$3.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.10M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.22M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.29M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$254.02K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$711.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.34K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$117.08K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.31M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; 25,000,000 shares authorized at $0.001 par value, zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 25,000,000 shares authorized at $0.001 par value, zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 13,707,807 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$13.71K	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 13,707,807 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$11.86K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.81M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.79M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.95M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$2.04M	USD	2 Qtrs
REVENUES	`Revenues`	$1.14M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$357.56K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$752.30K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.29M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$779.05K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$326.86K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$210.41K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.66M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.66M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.36M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$210.41K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$326.86K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-210.41K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-583.95K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-326.86K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.37M	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-39.07K	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$64.20K	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$423.07K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$107.90K	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	$-68.25K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.13K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$956.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.78K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$426.85K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-99.20K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$65.16K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$107.90K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-426.05K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-476.05K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.30M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$216.44K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$-800.00	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$-800.00	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$215.64K	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.30M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-426.85K	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-476.05K	USD	1 Quarter
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	2 Qtrs
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	2 Qtrs
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-860.33K	USD	2 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-282.06K	USD	1 Quarter
Net loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-860.33K	USD	2 Qtrs
Net loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-282.06K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-476.05K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-66.42K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.29M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.59M	USD	Annual
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.10	USD	2 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	2 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.05	USD	2 Qtrs
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	13.50M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	17.18M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	17.75M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	13.58M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-476.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-66.42K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.29M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.59M	USD	Annual
Common stock issued for services	`ShareBasedCompensation`	$59.47K	USD	2 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$521.78K	USD	2 Qtrs
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-64.20K	USD	2 Qtrs
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$39.07K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$44.64K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$342.18K	USD	2 Qtrs
Depreciation	`Depreciation`	$29.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-504.40K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-235.83K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-751.14K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-350.00	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.64K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$242.16K	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.72M	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.13M	USD	2 Qtrs
Net Cash Provided by Discontinued Operating Activities	`NetCashProvidedByUsedInDiscontinuedOperations`	$19.78K	USD	2 Qtrs
Purchase of license	`PaymentsToAcquireProductiveAssets`	$-100.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-131.93K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-231.93K	USD	2 Qtrs
Net Cash Used in Discontinued Investing Activities	`NetCashUsedInDiscontinuedInvestingActivities`	$-24.42K	USD	2 Qtrs
Cash received in purchase of subsidiary	`CashAcquiredFromAcquisition`	$404.33K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-94.01K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$310.32K	USD	2 Qtrs
Net Cash Used in Discontinued Financing Activities	`NetCashUsedInDiscontinuedFinancingActivities`	$-56.04K	USD	2 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.64M	USD	2 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.19M	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.26M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.26M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Interest (continuing operations)	`InterestPaid`	-	USD	2 Qtrs
Interest (continuing operations)	`InterestPaid`	-	USD	2 Qtrs
Income taxes (continuing operations)	`IncomeTaxesPaid`	$800.00	USD	2 Qtrs
Reclassification of note payable-related party to note payable	`ReclassificationOfNotePayableRelatedPartyToNotePayable`	$12.50K	USD	2 Qtrs
Purchase of subsidiary for debt and common stock	`StockIssuedDuringPeriodValueAcquisitions`	$2.43M	USD	2 Qtrs
Purchase of license for common stock	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$177.00K	USD	2 Qtrs
Liability paid by officer on behalf of Company	`LiabilityPaidByOfficerOnBehalfOfCompany`	$8.47K	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$3.95M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$2.63M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$4.79M	USD	Point-in-time
Liability paid on behalf of the Company by a shareholder	`OtherAdditionalCapital`	$8.47K	USD	Point-in-time
Common shares issued for consulting services, value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$41.50K	USD	Annual
Common shares issued for consulting services, value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$426.00K	USD	2 Qtrs
Liability paid on behalf of the Company by a shareholder	`OtherAdditionalCapital`	$8.47K	USD	Point-in-time
Stock option and warrant expense	`AdjustmentsToAdditionalPaidInCapitalOther`	$342.18K	USD	2 Qtrs
Stock option and warrant expense	`AdjustmentsToAdditionalPaidInCapitalOther`	$1.58M	USD	Annual
Stock warrant liability contributed by shareholders	`StockWarrantLiabilityContributedByShareholders`	$136.50K	USD	Annual
Common shares issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	Annual
Common stock issued for option cancellation, value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$95.78K	USD	2 Qtrs
Common stock issued for acquisition of subsidiary, value	`StockIssuedDuringPeriodValueAcquisitions`	$2.43M	USD	2 Qtrs
Common stock issued for license, value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$177.00K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-476.05K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-66.42K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.29M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-3.59M	USD	Annual
Ending Balance, amount	`StockholdersEquity`	$3.95M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$2.63M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$4.79M	USD	Point-in-time

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