10-K Filing

BLUE EARTH, INC. CIK: 1422109 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001393905-12-000171`
Period End Date	20111231
Filing Date	20120416
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	bblu-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 37 Cash Flow Statement 51 Stockholders Equity 6

Balance Sheet 60 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`	$527.11K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	200.00	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`	$945.82K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$473.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$38.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.86M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$564.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.70M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.51M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.94M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.86M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$850.75K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$10.93K	USD	Point-in-time
Deposits	`DepositAssets`	$3.00K	USD	Point-in-time
Deposits	`DepositAssets`	$17.93K	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$10.85M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$3.00K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.86M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.34K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$533.70K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$384.37K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$645.42K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$230.29K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$276.02K	USD	Point-in-time
Preferred dividends payable	`DividendsPayable`	$54.16K	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$2.04M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.29M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$979.34K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.98M	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, 200,000 and zero shares issued and outstanding, respectively	`PreferredStockValue`	$200.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 18,703,182 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$11.86K	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 18,703,182 and 11,855,232 shares issued and outstanding, respectively	`CommonStockValue`	$18.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.77M	USD	Point-in-time
Stock subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$-2.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.91M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.24M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.23M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.95M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$5.32M	USD	Annual
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.84M	USD	Annual
GROSS PROFIT	`GrossProfit`	$2.48M	USD	Annual
Depreciation and amortization	`DepreciationExpense`	$1.21M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$14.43M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.20M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$15.64M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.20M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-13.17M	USD	Annual
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-483.44K	USD	Annual
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-749.17K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$15.31K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$957.00	USD	Annual
Interest expense	`InterestExpense`	$-49.32K	USD	Annual
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	$-55.00K	USD	Annual
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-852.53K	USD	Annual
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-468.13K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.67M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-14.02M	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$-12.78K	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-14.02M	USD	Annual
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-2.68M	USD	Annual
GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$66.29K	USD	Annual
LOSS FROM DISCONTINUED OPERATIONS, net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-970.61K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-3.59M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-14.02M	USD	Annual
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-89.36K	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.59M	USD	Annual
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.11M	USD	Annual
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.93	USD	Annual
Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.18	USD	Annual
Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.06	USD	Annual
Net Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.93	USD	Annual
Net Loss per share	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	15.20M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WEIGHTEDAVERAGENUMBEROFCOMMONSHARESOUTSTANDINGBASICANDDILUTED`	15.11M	shares	Annual

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`NetLossFromContinuingOperations`	$-14.11M	USD	Annual
Net loss from continuing operations	`NetLossFromContinuingOperations`	$-2.68M	USD	Annual
Loss from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-904.32K	USD	Annual
Net loss	`ProfitLoss`	$-14.11M	USD	Annual
Net loss	`ProfitLoss`	$-3.59M	USD	Annual
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.81M	USD	Annual
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.62M	USD	Annual
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$749.17K	USD	Annual
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$483.44K	USD	Annual
Stock issued for services	`ShareBasedCompensation`	$1.20M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.21M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$89.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.80K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-347.17K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-355.99K	USD	Annual
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-41.04K	USD	Annual
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$54.16K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-391.96K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$173.74K	USD	Annual
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.15M	USD	Annual
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.35M	USD	Annual
Net Cash Provided by (Used in) Discontinued Operating Activities	`NetCashProvidedByUsedInDiscontinuedOperations`	$81.38K	USD	Annual
Acquisition of subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$-1.19M	USD	Annual
Purchase of license	`PaymentsToAcquireProductiveAssets`	$-100.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-11.02K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-135.36K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.02K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.42M	USD	Annual
Net Cash Used in Discontinued Investing Activities	`NetCashUsedInDiscontinuedInvestingActivities`	$-24.42K	USD	Annual
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$22.10K	USD	Annual
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.00M	USD	Annual
Acquisition of subsidiary	`CashAcquiredFromAcquisition`	$1.80M	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-1.63M	USD	Annual
Proceeds from common stock and warrants, net of offering costs in 2009	`ProceedsFromIssuanceOrSaleOfEquity`	$500.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$500.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.19M	USD	Annual
Net Cash Provided by (Used in) Discontinued Financing Activities	`NetCashUsedInDiscontinuedFinancingActivities`	$-50.64K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-3.37M	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-858.76K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.76M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$49.32K	USD	Annual
Cash paid for Income taxes	`IncomeTaxesPaid`	$12.78K	USD	Annual
Liability paid on behalf of the Company by a shareholder	`LiabilityPaidOnBehalfOfTheCompanyByAShareholder`	$8.47K	USD	Annual
Reclassification of warrant derivative liability to (from) additional paid-in capital	`ReclassificationOfWarrantDerivativeLiabilityToFromAdditionalPaidInCapital`	$136.50K	USD	Annual
Common stock issued for acquisition of subsidiary	`CommonStockIssuedForAcquisitionOfSubsidiary`	7.54M	shares	Annual
Common stock issued for license	`CommonStockIssuedForLicense`	177,000.00	shares	Annual

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$2.63M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$7.24M	USD	Point-in-time
Net loss for the year end	`NetIncomeLoss`	$-3.59M	USD	Annual
Net loss for the year end	`NetIncomeLoss`	$-14.02M	USD	Annual
Ending Balance, amount	`StockholdersEquity`	$2.63M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$7.24M	USD	Point-in-time

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