10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001393905-12-000622`
Period End Date	20120930
Filing Date	20121113
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	bblu-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 72 Cash Flow Statement 56

Balance Sheet 72 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`	$527.11K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	200,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	543,402.00	shares	Point-in-time
Cash	`Cash`	$1.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$945.82K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$935.58K	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
Inventory, net	`InventoryNet`	$316.63K	USD	Point-in-time
Inventory, net	`InventoryNet`	$473.45K	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`	19.39M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$835.77K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$261.19K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$564.43K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.39M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.51M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.54M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$850.75K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$751.64K	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`	$8.83M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$10.85M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$8.85M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$10.86M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.14M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.90M	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`	$532.57K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$844.04K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$645.42K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$76.99K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$230.29K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$145.49K	USD	Point-in-time
Payroll Payable	`AccruedSalariesCurrent`	$276.02K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$54.16K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$337.66K	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$668.65K	USD	Point-in-time
Warrant derivative liability	`DerivativeAssetFairValueGrossLiability`	$2.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.00M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$748.46K	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`	$5.78M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$543.00	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$200.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$18.70K	USD	Point-in-time
Common stock value	`CommonStockValue`	$19.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.41M	USD	Point-in-time
Stock subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$-2.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.07M	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`	$7.36M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.23M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$13.14M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.74M	USD	1 Quarter
REVENUES	`Revenues`	$5.40M	USD	3 Qtrs
REVENUES	`Revenues`	$1.13M	USD	1 Quarter
REVENUES	`Revenues`	$3.17M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.23M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.34M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$3.62M	USD	3 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$591.91K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$515.17K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$537.58K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.78M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$1.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationExpense`	$614.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$1.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationExpense`	$505.12K	USD	3 Qtrs
Depreciation and amortization	`DepreciationExpense`	$229.37K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.82M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.86M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.48M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.09M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.42M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$5.32M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$8.72M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.88M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-6.95M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.50M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.58M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-697.75K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$-633.55K	USD	3 Qtrs
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$975.26K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueOptionChangesInFairValueGainLoss`	$1.34M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$957.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-48.97K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-19.89K	USD	1 Quarter
Interest expense	`InterestExpense`	$-74.98K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-31.14K	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	3 Qtrs
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	3 Qtrs
Liquidated damages expense	`DisposalGroupIncludingDiscontinuedOperationOperatingExpense`	-	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-681.56K	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$944.12K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$1.27M	USD	3 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-717.63K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.68M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.60M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.63M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.18M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-5.68M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.60M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.63M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.18M	USD	3 Qtrs
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-481.95K	USD	3 Qtrs
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-243.82K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.60M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.88M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.18M	USD	3 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.16M	USD	3 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	3 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	3 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.01M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.05M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.69M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.99M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`ProfitLoss`	$-6.16M	USD	3 Qtrs
Net loss from continuing operations	`ProfitLoss`	$-4.18M	USD	3 Qtrs
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$757.45K	USD	3 Qtrs
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$968.82K	USD	3 Qtrs
Warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$633.55K	USD	3 Qtrs
Warrant derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.37M	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$412.66K	USD	3 Qtrs
Stock issued for services	`ShareBasedCompensation`	$557.48K	USD	3 Qtrs
Derivative attached to preferred stock	`IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments`	$140.30K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$505.12K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-170.93K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.24K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-355.07K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$156.82K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$303.23K	USD	3 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-472.81K	USD	3 Qtrs
Construction in progress	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$-349.12K	USD	3 Qtrs
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$341.68K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$82.40K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-179.41K	USD	3 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.90M	USD	3 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.60M	USD	3 Qtrs
Acquisition of subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$-604.67K	USD	3 Qtrs
Purchase of license	`PurchaseOfLicense`	$-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
Cash received in purchase of subsidiary	`CashAcquiredFromAcquisition`	$1.80M	USD	3 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.96M	USD	3 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.00M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.21M	USD	3 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$120.89K	USD	3 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$155.00K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-48.93K	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-1.59M	USD	3 Qtrs
Repayment of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$-6.80K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.26M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-2.31M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$664.55K	USD	3 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.19M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.19M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.90M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.59M	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$48.97K	USD	3 Qtrs
Cash paid for Interest	`InterestPaid`	$53.60K	USD	3 Qtrs
Preferred shares and warrants issued for debt	`DebtConversionConvertedInstrumentSharesIssued1`	713,020.00	shares	3 Qtrs
Common stock issued for contracts	`CommonStockIssuedForContracts`	$486.65K	USD	3 Qtrs
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	$10.13M	USD	3 Qtrs
Common stock issued for license	`CommonStockIssuedForLicense1`	$177.00K	USD	3 Qtrs
Common stock issued for debt	`CommonStockIssuedForDebt`	$677.48K	USD	3 Qtrs
Common stock issued for preferred stock and dividends payable	`CommonStockIssuedForPreferredStockAndDividendsPayable`	$58.17K	USD	3 Qtrs

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