10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001393905-13-000225`
Period End Date	20130331
Filing Date	20130513
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	bblu-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 34 Cash Flow Statement 55

Balance Sheet 75 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`	$458.48K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	498,402.00	shares	Point-in-time
Cash	`Cash`	$659.01K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	510,152.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.75M	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`	$1.77M	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.72M	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.49M	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`	20.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.82M	shares	Point-in-time
Inventory, net	`InventoryNet`	$325.44K	USD	Point-in-time
Inventory, net	`InventoryNet`	$221.55K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.82M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$706.04K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.88M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$707.04K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$921.92K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$860.30K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.98M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.61M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$642.24K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$661.16K	USD	Point-in-time
Deposits	`DepositsAssets`	$52.41K	USD	Point-in-time
Deposits	`DepositsAssets`	$52.41K	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$7.67M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$8.25M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$8.30M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$7.72M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.95M	USD	Point-in-time
Accounts payable	`AccountsPayable`	$2.44M	USD	Point-in-time
Accounts payable	`AccountsPayable`	$2.09M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$503.39K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$475.69K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.98M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.38M	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$674.97K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$773.64K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$17.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$17.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$435.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$423.26K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$498.17K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$534.85K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$573.44K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$440.29K	USD	Point-in-time
Line of credit payable	`LinesOfCreditCurrent`	$1.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.66M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	-	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.09M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$498.00	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$510.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$21.82K	USD	Point-in-time
Common stock value	`CommonStockValue`	$20.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.29M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.97M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.95M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$1.96M	USD	1 Quarter
REVENUES	`Revenues`	$2.87M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.99M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.31M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$878.44K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$655.48K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$630.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationExpense`	$597.86K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.07M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.68M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.67M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.02M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.79M	USD	1 Quarter
Gain (loss) on derivative valuation	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-173.99K	USD	1 Quarter
Interest expense	`InterestExpense`	$-7.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$-72.72K	USD	1 Quarter
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-11.15K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-181.10K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-83.87K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.20M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.88M	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`	$-1.88M	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-108.30K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-149.17K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.03M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.31M	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.15	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`	21.30M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$246.74K	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$42.22K	USD	1 Quarter
(Gain) loss on derivative valuation (verbose}	`DerivativeGainLossOnDerivativeNet`	$173.99K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$11.15K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$8.20K	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`	$598.70K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$20.92K	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-782.63K	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-213.97K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$235.99K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-103.90K	USD	1 Quarter
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$-1.00K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$45.07K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$161.62K	USD	1 Quarter
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$37.10K	USD	1 Quarter
Accounts payable and accrued expenses-	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-183.50K	USD	1 Quarter
Accounts payable and accrued expenses-	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$462.72K	USD	1 Quarter
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.46M	USD	1 Quarter
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.28M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	$281.45K	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$290.00K	USD	1 Quarter
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$846.00K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.50M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-28.50K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$-62.55K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$-11.06K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$-750.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.26M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$806.46K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-200.53K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-470.18K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$458.48K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$56.93K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$458.48K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$56.93K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$7.11K	USD	1 Quarter
Cash paid for Interest	`InterestPaid`	$30.52K	USD	1 Quarter
Common stock issued upon conversion of debt	`CommonStockIssuedUponConversionOfDebt`	$152.16K	USD	1 Quarter
Common stock issued upon conversion of preferred stock	`CommonStockIssuedUponConversionOfPreferredStock`	$16.01K	USD	1 Quarter
Common stock issued for debt discount	`CommonStockIssuedForDebtDiscount`	$24.50K	USD	1 Quarter
Common stock issued for line of credit	`CommonStockIssuedForLineOfCredit`	$100.00K	USD	1 Quarter

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