10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001393905-14-000311`
Period End Date	20140331
Filing Date	20140516
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	bblu-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 41 Cash Flow Statement 58

Balance Sheet 82 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`	472,900.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	570,000.00	shares	Point-in-time
Cash	`Cash`	$8.40M	USD	Point-in-time
Cash	`Cash`	$4.99M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.84M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.06M	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$996.59K	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$395.44K	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`	$383.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.21M	shares	Point-in-time
Inventory, net	`InventoryNet`	$348.30K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.90M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.07M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.21M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.20M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.29M	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$1.94M	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$1.77M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.52M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.41M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$858.21K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$33.75M	USD	Point-in-time
Deposits	`DepositsAssets`	$50.69K	USD	Point-in-time
Deposits	`DepositsAssets`	$54.93K	USD	Point-in-time
Long term receivables	`AccountsReceivableNetNoncurrent`	$913.74K	USD	Point-in-time
Construction in progress (noncurrent)	`ConstructionInProgressNoncurrent`	$44.04M	USD	Point-in-time
Construction in progress (noncurrent)	`ConstructionInProgressNoncurrent`	$12.58M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$19.82M	USD	Point-in-time
Contracts and franchise, net	`IndefiniteLivedFranchiseRights`	$23.38M	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$251.49K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$36.93M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$64.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$88.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$86.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.66M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.09M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$1.50M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.33M	USD	Point-in-time
Related party payables	`AccountsPayableRelatedPartiesCurrent`	$1.34M	USD	Point-in-time
Billings in excess of revenues	`BillingsInExcessOfCostCurrent`	$438.95K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$11.99K	USD	Point-in-time
Deferred revenues	`DeferredRevenue`	$10.31K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$338.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$422.46K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$125.05K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$64.34K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$403.69K	USD	Point-in-time
Preferred dividends payable	`DividendsPayableCurrent`	$463.45K	USD	Point-in-time
Liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$190.61K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.95M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$90.29K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$90.29K	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.04M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$473.00	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$570.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$60.21K	USD	Point-in-time
Common stock value	`CommonStockValue`	$63.90K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$150.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$143.61M	USD	Point-in-time
Stock subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$600.00K	USD	Point-in-time
Stock subscription receivable	`StockholdersEquityNoteSubscriptionsReceivable`	$1.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-68.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-62.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$81.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$79.34M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$88.19M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$86.43M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.23M	USD	1 Quarter
REVENUES	`Revenues`	$2.16M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.79M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.44M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$719.72K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.45M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$597.86K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$1.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.47M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$6.91M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.46M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.75M	USD	1 Quarter
Other income	`OtherIncome`	$940.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-71.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$-235.58K	USD	1 Quarter
Gain (loss) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$11.15K	USD	1 Quarter
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$-11.23K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-223.41K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-82.52K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.83M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.69M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-5.69M	USD	1 Quarter
LOSS FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-1.83M	USD	1 Quarter
GAIN (LOSS) FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$-43.92K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-5.69M	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-149.17K	USD	1 Quarter
PREFERRED DIVIDENDS	`PreferredStockDividends`	$-392.89K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.03M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.08M	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE, Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE, Continuing Operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE, Discontinued Operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
NET LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
NET LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	61.93M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.30M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.88M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.69M	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$42.22K	USD	1 Quarter
Stock option and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.19M	USD	1 Quarter
(Gain) loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$11.15K	USD	1 Quarter
(Gain) loss on sale of assets	`GainsLossesOnSalesOfAssets`	$-11.23K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$8.20K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$670.54K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$598.70K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.08M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$20.92K	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-506.85K	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-731.33K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$35.50K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-103.90K	USD	1 Quarter
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$-1.00K	USD	1 Quarter
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$184.30K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$161.62K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$162.41K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$406.48K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$349.38K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.30M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	1 Quarter
Net Cash Provided by (Used in) Discontinued Operating Activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-162.44K	USD	1 Quarter
Other receivables (2)	`PaymentsToAcquireOtherReceivables`	$887.00	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.35M	USD	1 Quarter
Net Cash Used in Discontinued Investing Activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-17.88K	USD	1 Quarter
Proceeds from warrants and options exercised	`ProceedsFromWarrantExercises`	$100.86K	USD	1 Quarter
Proceeds from warrants and options exercised	`ProceedsFromWarrantExercises`	$281.45K	USD	1 Quarter
Proceeds from related party loans	`ProceedsFromRelatedPartyDebt`	$290.00K	USD	1 Quarter
Cash received on stock subscriptions	`ProceedsFromOtherEquity`	$1.00M	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.50M	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$54.24K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$438.71K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$4.00K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$750.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$658.14K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27M	USD	1 Quarter
Net Cash Provided by (Used in) Discontinued Financing Activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-8.32K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-3.42M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-200.53K	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.40M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$458.48K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.40M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$458.48K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$659.01K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	$97.29K	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 for conversion of preferred stock	`CommonStockIssuedForConversionOfPreferredStock`	$333.13K	USD	1 Quarter
Common stock issued for conversion of preferred stock	`CommonStockIssuedForConversionOfPreferredStock`	$16.01K	USD	1 Quarter
Common stock issued for acquisition of subsidiary	`CommonStockIssuedForAcquisitionOfSubsidiary`	$4.60M	USD	1 Quarter
Common stock issued for debt discount	`CommonStockIssuedForDebtDiscount`	$24.50K	USD	1 Quarter
Common stock issued for line of credit fee	`CommonStockIssuedForLineOfCreditFee`	$100.00K	USD	1 Quarter

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