10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001393905-11-000792`
Period End Date	20110930
Filing Date	20111116
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	bblu-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 69 Cash Flow Statement 48

Balance Sheet 58 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
Cash	`Cash`	$3.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Cash	`Cash`	$1.59M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Inventory, net	`InventoryNet`	$481.35K	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
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$399.89K	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
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$38.04K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.84M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.39M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$10.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.86M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$188.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.39M	shares	Point-in-time
Deposits	`DepositAssets`	$3.00K	USD	Point-in-time
Deposits	`DepositAssets`	$17.93K	USD	Point-in-time
Related party receivable	`AccountsReceivableRelatedParties`	$2.41M	USD	Point-in-time
Contracts and franchise, net	`ContractsReceivable`	$11.91M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$3.00K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$14.34M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$18.36M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.09M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.29M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$482.37K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.44M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.03M	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`	$6.04M	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`	$6.16M	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, 100,000 and zero shares issued and outstanding, respectively	`PreferredStockValue`	$100.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 18,386,474 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$18.39K	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 18,386,474 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$11.86K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.81M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$12.21M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$18.36M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.95M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.13M	USD	1 Quarter
REVENUES	`Revenues`	$3.17M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.34M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$591.91K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.83M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$537.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$475.28K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.02M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$734.68K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.39M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$734.68K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$475.28K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.39M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$5.02M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-475.28K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$734.68K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.19M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.85M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-238.38K	USD	3 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$199.18K	USD	3 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-199.31K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$134.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$-48.97K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-19.89K	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	$-68.25K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.66K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.79K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$957.00	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$151.16K	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-195.65K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-294.84K	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$115.09K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-670.93K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.04M	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.74M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.03M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$-2.53K	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$-1.73K	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.03M	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.74M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-3.04M	USD	3 Qtrs
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-672.65K	USD	1 Quarter
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
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	3 Qtrs
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-965.16K	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-36.58K	USD	1 Quarter
Net loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-965.16K	USD	3 Qtrs
Net loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-36.58K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.74M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-3.04M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-709.24K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.12	USD	1 Quarter
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.22	USD	3 Qtrs
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	3 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	3 Qtrs
Net Loss	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	14.99M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	16.48M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	13.95M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	14.05M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.74M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.04M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-709.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$757.45K	USD	3 Qtrs
Common stock issued for services	`ShareBasedCompensation`	$41.50K	USD	3 Qtrs
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-199.18K	USD	3 Qtrs
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$238.38K	USD	3 Qtrs
Stock option expense	`StockOptionPlanExpense`	$557.48K	USD	3 Qtrs
Stock option expense	`StockOptionPlanExpense`	$415.56K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$212.60K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.93K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-355.07K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-472.81K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.60K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$144.29K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-191.46K	USD	3 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.90M	USD	3 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.17M	USD	3 Qtrs
Net Cash Provided by Discontinued Operating Activities	`NetCashProvidedByUsedInDiscontinuedOperations`	$81.38K	USD	3 Qtrs
Purchase of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$-604.67K	USD	3 Qtrs
Purchase of license	`PaymentsToAcquireProductiveAssets`	$-100.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-41.41K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-746.08K	USD	3 Qtrs
Net Cash Used in Discontinued Investing Activities	`NetCashUsedInDiscontinuedInvestingActivities`	$-24.42K	USD	3 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$120.10K	USD	3 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$1.00M	USD	3 Qtrs
Collection of related party receivable	`ProceedsFromCollectionOfOtherReceivables`	$793.00	USD	3 Qtrs
Cash received in purchase of subsidiary	`CashAcquiredFromAcquisition`	$1.80M	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-1.59M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34M	USD	3 Qtrs
Net Cash Used in Discontinued Financing Activities	`NetCashUsedInDiscontinuedFinancingActivities`	$-50.64K	USD	3 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.16M	USD	3 Qtrs
NET DECREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.31M	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.60M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Interest (continuing operations)	`InterestPaid`	$48.97K	USD	3 Qtrs
Income taxes (continuing operations)	`IncomeTaxesPaid`	$2.53K	USD	3 Qtrs
Reclassification of note payable-related party to note payable	`PriorPeriodReclassificationAdjustment`	$12.50K	USD	3 Qtrs
Purchase of subsidiary for debt and common stock	`StockIssuedDuringPeriodValueAcquisitions`	$10.13M	USD	3 Qtrs
Purchase of license for common stock	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$177.00K	USD	3 Qtrs
Liability paid by officer on behalf of Company	`LiabilityPaidByOfficerOnBehalfOfCompany`	$8.47K	USD	3 Qtrs

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