10-Q/A Filing

BLUE EARTH, INC. CIK: 1422109 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001393905-12-000478`
Period End Date	20120630
Filing Date	20120824
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	bblu-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 70 Cash Flow Statement 49

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`	324,850.00	shares	Point-in-time
Cash	`Cash`	$527.11K	USD	Point-in-time
Cash	`Cash`	$138.61K	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`	$1.14M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$357.86K	USD	Point-in-time
Inventory, net	`InventoryNet`	$473.45K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$564.43K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$497.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.63M	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`	$2.13M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.63M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$786.13K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$850.75K	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`	$9.66M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.86M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$9.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.10M	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`	$438.04K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$572.32K	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
Taxes payable	`TaxesPayableCurrent`	$448.72K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$132.68K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$276.02K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$211.25K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$54.16K	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$1.64M	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$2.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.00M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$740.20K	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$979.34K	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.82M	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 value	`PreferredStockValue`	$325.00	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$200.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$18.63K	USD	Point-in-time
Common stock value	`CommonStockValue`	$18.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.96M	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`	$-28.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.91M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.24M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.78M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.23M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$12.60M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.65M	USD	2 Qtrs
REVENUES	`Revenues`	$2.04M	USD	2 Qtrs
REVENUES	`Revenues`	$1.14M	USD	1 Quarter
REVENUES	`Revenues`	$1.69M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$357.56K	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.09M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.39M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$752.30K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.26M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$606.35K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.29M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$779.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$1.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationExpense`	$141.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$616.76K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$275.75K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.63M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$5.63M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.95M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.91M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.49M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.35M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.61M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-4.37M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-707.33K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$64.20K	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$369.42K	USD	2 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$543.41K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$107.90K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$956.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-43.85K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-36.74K	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	2 Qtrs
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	2 Qtrs
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$506.67K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$325.57K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$107.90K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$65.16K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.84M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.04M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.55M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-599.43K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.04M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-599.43K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-238.13K	USD	2 Qtrs
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-129.83K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.28M	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.55M	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.97M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-599.43K	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.52M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.40M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.58M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.50M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`ProfitLoss`	$-4.28M	USD	2 Qtrs
Net loss from continuing operations	`ProfitLoss`	$-1.55M	USD	2 Qtrs
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$541.99K	USD	2 Qtrs
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$342.18K	USD	2 Qtrs
Warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$-64.20K	USD	2 Qtrs
Warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$-393.42K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$521.78K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$308.69K	USD	2 Qtrs
Amortization of beneficial conversion	`AdjustmentForAmortization`	$4.72K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$275.75K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.25M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-504.40K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-190.71K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-235.83K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$115.59K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-751.14K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.50K	USD	2 Qtrs
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$164.29K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$282.49K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$242.16K	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.13M	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.72M	USD	2 Qtrs
Acquisition of subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$-150.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-81.93K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-231.93K	USD	2 Qtrs
Cash received in purchase of subsidiary	`CashAcquiredFromAcquisition`	$404.33K	USD	2 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.23M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$500.00K	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-94.01K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-36.39K	USD	2 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$-1.33K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$310.33K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.75M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-1.64M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-388.50K	USD	2 Qtrs
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.26M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$138.61K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.26M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$138.61K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$17.73K	USD	2 Qtrs
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	$2.43M	USD	2 Qtrs
Common stock issued for license	`CommonStockIssuedForLicense1`	$177.00K	USD	2 Qtrs
Common stock issued for debt	`CommonStockIssuedForDebt`	$677.48K	USD	2 Qtrs
Common stock issued for preferred stock and dividends payable	`CommonStockIssuedForPreferredStockAndDividendsPayable`	$7.20K	USD	2 Qtrs

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