10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001393905-13-000391`
Period End Date	20130630
Filing Date	20130802
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	bblu-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 68 Cash Flow Statement 65

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`	$3.81M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	510,152.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	498,402.00	shares	Point-in-time
Cash	`Cash`	$659.01K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$2.40M	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$1.72M	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
Inventory, net	`InventoryNet`	$241.88K	USD	Point-in-time
Inventory, net	`InventoryNet`	$221.55K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.34M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.34M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.32M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$706.04K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$921.92K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$535.24K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.41M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.98M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$829.85K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$661.16K	USD	Point-in-time
Deposits	`DepositsAssets`	$57.41K	USD	Point-in-time
Deposits	`DepositsAssets`	$52.41K	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$8.25M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$7.09M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$7.15M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$8.30M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$927.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$2.09M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$25.80K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$503.39K	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.56M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.98M	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$544.00K	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$674.97K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$17.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$13.61K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$423.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$527.53K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$297.15K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$534.85K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$558.41K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$440.29K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.46M	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`	$4.46M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.66M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$1.24K	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$510.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$25.34K	USD	Point-in-time
Common stock value	`CommonStockValue`	$20.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$56.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.33M	USD	Point-in-time
Stock subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$-11.30K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$14.93M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.29M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$19.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.95M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.21M	USD	1 Quarter
REVENUES	`Revenues`	$1.69M	USD	1 Quarter
REVENUES	`Revenues`	$3.65M	USD	2 Qtrs
REVENUES	`Revenues`	$6.08K	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.09M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$4.28M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.39M	USD	2 Qtrs
COST OF SALES	`CostOfGoodsAndServicesSold`	$2.28M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.80M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.26M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$922.79K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$606.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$600.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$616.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.38M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.16M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$5.63M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$6.69M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.95M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$9.36M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.76M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-4.37M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.35M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-7.56M	USD	2 Qtrs
Gain (loss) on derivative valuation	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$369.42K	USD	2 Qtrs
Gain (loss) on derivative valuation	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$543.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$-36.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$-225.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$-297.82K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-43.85K	USD	2 Qtrs
Gain (loss) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$648.25K	USD	1 Quarter
Gain (loss) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$637.10K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$339.28K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$325.57K	USD	2 Qtrs
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$423.15K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$506.67K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.04M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.34M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.84M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-7.22M	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-7.22M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-5.34M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.04M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-129.83K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-509.18K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-238.13K	USD	2 Qtrs
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-658.34K	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-7.88M	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.28M	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.97M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.85M	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.32	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.47M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.67M	shares	1 Quarter
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`	18.52M	shares	2 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.22M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.04M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$541.99K	USD	2 Qtrs
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.78M	USD	2 Qtrs
(Gain) loss on derivative valuation (verbose}	`DerivativeGainLossOnDerivativeNet`	$-393.42K	USD	2 Qtrs
Derivative attached to preferred stock	`IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments`	$4.72K	USD	2 Qtrs
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-637.10K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$308.69K	USD	2 Qtrs
Stock issued for services	`ShareBasedCompensation`	$257.39K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$600.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$616.76K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$58.37K	USD	2 Qtrs
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-1.03M	USD	2 Qtrs
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-190.71K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-20.33K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$115.59K	USD	2 Qtrs
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$-2.10M	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$381.68K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.50K	USD	2 Qtrs
Accrued dividends payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$-73.83K	USD	2 Qtrs
Accounts payable and accrued expenses-	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$282.49K	USD	2 Qtrs
Accounts payable and accrued expenses-	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.42M	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.74M	USD	2 Qtrs
Net Cash Used in Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.13M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.46K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.46K	USD	2 Qtrs
Proceeds from warrants exercised	`ProceedsFromWarrantExercises`	$1.87M	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$1.50M	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$55.00K	USD	2 Qtrs
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$420.00K	USD	2 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$8.83M	USD	2 Qtrs
Proceeds from preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.23M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.50M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$500.00K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$36.39K	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$522.90K	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$1.33K	USD	2 Qtrs
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$691.85K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$9.91M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.75M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-388.50K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$3.15M	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$138.61K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$527.11K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$138.61K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.81M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$17.73K	USD	2 Qtrs
Cash paid for Interest	`InterestPaid`	$-232.81K	USD	2 Qtrs
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued upon conversion of debt	`CommonStockIssuedUponConversionOfDebt`	$677.48K	USD	2 Qtrs
Common stock issued upon conversion of debt	`CommonStockIssuedUponConversionOfDebt`	$201.82K	USD	2 Qtrs
Common stock issued upon conversion of preferred stock	`CommonStockIssuedUponConversionOfPreferredStock`	$7.20K	USD	2 Qtrs
Common stock issued upon conversion of preferred stock	`CommonStockIssuedUponConversionOfPreferredStock`	$540.40K	USD	2 Qtrs
Common stock issued for debt discount	`CommonStockIssuedForDebtDiscount`	$24.50K	USD	2 Qtrs
Common stock issued for line of credit	`CommonStockIssuedForLineOfCredit`	$100.00K	USD	2 Qtrs
Common stock cancelled for assets	`CommonStockCancelledForAssets`	$-1.29M	USD	2 Qtrs

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