10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001393905-12-000259`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bblu-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 35 Cash Flow Statement 43

Balance Sheet 71 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`	284,600.00	shares	Point-in-time
Cash	`Cash`	$56.93K	USD	Point-in-time
Cash	`Cash`	$527.11K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	200,000.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$945.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.16M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$473.45K	USD	Point-in-time
Inventory, net	`InventoryNet`	$237.46K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.86M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$564.43K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$519.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.70M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.97M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.51M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$850.75K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$818.50K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.93K	USD	Point-in-time
Deposits	`DepositsAssets`	$17.93K	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$10.85M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$10.25M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.86M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.27M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.83M	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
Current portion of notes payable	`NotesPayableCurrent`	$533.70K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$384.37K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$373.31K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$645.42K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$531.14K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$360.70K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$230.29K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$90.55K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$276.02K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$125.36K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$54.16K	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$2.04M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$2.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.00M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$950.85K	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$979.34K	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.98M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.00M	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, 284,600 and 200,000 shares issued and outstanding, respectively	`PreferredStockValue`	$200.00	USD	Point-in-time
Preferred stock; 25,000,000 shares authorized at $0.001 par value, 284,600 and 200,000 shares issued and outstanding, respectively	`PreferredStockValue`	$285.00	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 17,859,554 and 18,703,182 shares issued and outstanding, respectively	`CommonStockValue`	$18.70K	USD	Point-in-time
Common stock; 100,000,000 shares authorized at $0.001 par value, 17,859,554 and 18,703,182 shares issued and outstanding, respectively	`CommonStockValue`	$17.86K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.26M	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`	$-23.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.24M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.05M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$13.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.23M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.96M	USD	1 Quarter
REVENUES	`Revenues`	$907.02K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$394.74K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.31M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$655.48K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$512.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$134.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$630.49K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.68M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.42M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-907.34K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.02M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-43.70K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-173.99K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$955.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-7.11K	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-42.74K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-852.53K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.20M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-950.09K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.20M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-950.09K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-108.30K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-950.09K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.31M	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.11M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.19M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`ProfitLoss`	$-950.09K	USD	1 Quarter
Net loss from continuing operations	`ProfitLoss`	$-2.31M	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$246.74K	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$383.14K	USD	1 Quarter
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$173.99K	USD	1 Quarter
Warrant derivative liability	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$43.70K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$95.78K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$27.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$630.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$134.04K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-213.97K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-72.23K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-23.32K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$235.99K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-76.55K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$45.07K	USD	1 Quarter
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$71.20K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.26K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-183.50K	USD	1 Quarter
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-429.27K	USD	1 Quarter
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.28M	USD	1 Quarter
Acquisition of subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$-150.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-2.24K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.24K	USD	1 Quarter
Cash received in purchase of subsidiary	`CashAcquiredFromAcquisition`	$404.33K	USD	1 Quarter
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$846.00K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-36.91K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-28.49K	USD	1 Quarter
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$-11.06K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$806.46K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$367.43K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-470.18K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-214.08K	USD	1 Quarter
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$56.93K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	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`	$56.93K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.69M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$7.11K	USD	1 Quarter
Common stock issued for acquisition of subsidiary	`CommonStockIssuedForAcquisitionOfSubsidiary`	2.43M	shares	1 Quarter

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