10-Q Filing

BLUE EARTH, INC. CIK: 1422109 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001393905-15-000232`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	bblu-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 38 Cash Flow Statement 63

Balance Sheet 80 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 and cash equivalents	`Cash`	$6.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	400,000.00	shares	Point-in-time
Cash and cash equivalents	`Cash`	$2.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$632.26K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$632.10K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.52M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	94.26M	shares	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$552.93K	USD	Point-in-time
Costs and revenues in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$3.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	94.26M	shares	Point-in-time
Inventory, net	`InventoryNet`	$569.89K	USD	Point-in-time
Inventory, net	`InventoryNet`	$718.27K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.40M	shares	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$71.13K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$68.21K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$78.93K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$76.19K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$1.65M	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.22M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.45M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$64.04M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$56.98M	USD	Point-in-time
Deposits	`DepositsAssets`	$80.45K	USD	Point-in-time
Deposits	`DepositsAssets`	$76.97K	USD	Point-in-time
Natural gas futures	`EnergyMarketingContractsAssetsNoncurrent`	$2.26M	USD	Point-in-time
Natural gas futures	`EnergyMarketingContractsAssetsNoncurrent`	$2.43M	USD	Point-in-time
Long term receivables	`AccountsReceivableNetNoncurrent`	$1.59M	USD	Point-in-time
Long term receivables	`AccountsReceivableNetNoncurrent`	$1.42M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$9.53M	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$9.35M	USD	Point-in-time
Contracts and technology, net	`IndefiniteLivedFranchiseRights`	$18.69M	USD	Point-in-time
Contracts and technology, net	`IndefiniteLivedFranchiseRights`	$19.86M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$31.97M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$33.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$102.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$110.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.07M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$162.44K	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$63.48K	USD	Point-in-time
Related party payables	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.33M	USD	Point-in-time
Related party payables	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.33M	USD	Point-in-time
Line of credit payable	`LinesOfCreditCurrent`	$3.00M	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$8.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$480.50K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$167.19K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$217.36K	USD	Point-in-time
Payroll expenses payable	`PayrollExpensesPayable`	$326.65K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$17.43M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.26M	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$61.48K	USD	Point-in-time
Long term portion of notes payable	`NotesPayable`	$66.39K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$66.39K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$61.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$17.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.33M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$400.00	USD	Point-in-time
Common stock value	`CommonStockValue`	$93.41K	USD	Point-in-time
Common stock value	`CommonStockValue`	$94.26K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$188.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$190.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-98.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.85M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$96.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$92.74M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$110.23M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$102.74M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.23M	USD	1 Quarter
REVENUES	`Revenues`	$5.13M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$1.79M	USD	1 Quarter
COST OF SALES	`CostOfGoodsAndServicesSold`	$3.98M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.45M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.16M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$1.22M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$1.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.42M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$6.91M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$7.64M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-6.48M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.46M	USD	1 Quarter
Other income	`OtherIncome`	$940.00	USD	1 Quarter
Other income	`OtherIncome`	$940.00	USD	1 Quarter
Loss from equity investment	`IncomeLossFromEquityMethodInvestments`	$-227.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$-235.58K	USD	1 Quarter
Interest expense	`InterestExpense`	$-430.52K	USD	1 Quarter
Mark futures to market	`OtherNonoperatingExpense`	$-166.27K	USD	1 Quarter
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$11.23K	USD	1 Quarter
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$7.99K	USD	1 Quarter
Gain on settlement of litigation	`GainLossRelatedToLitigationSettlement`	$989.78K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-223.41K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$174.35K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.69M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-6.31M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-5.69M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.31M	USD	1 Quarter
PREFERRED DIVIDENDS	`DividendsPreferredStock`	$-392.89K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.08M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.31M	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.07	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`	94.31M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
NET LOSS	`NetIncomeLoss`	$-5.69M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.31M	USD	1 Quarter
Stock option and stock warrants issued for services	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$1.39M	USD	1 Quarter
Stock option and stock warrants issued for services	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$1.19M	USD	1 Quarter
Loss from equity investment	`IncomeLossFromEquityMethodInvestments`	$-227.56K	USD	1 Quarter
Impairment of inventory	`AssetImpairmentCharges`	$369.04K	USD	1 Quarter
Mark gas futures to market	`IncreaseDecreaseInEnergyTradingActivity`	$166.27K	USD	1 Quarter
Gain on settlement of litigation	`GainLossRelatedToLitigationSettlement`	$989.78K	USD	1 Quarter
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$11.23K	USD	1 Quarter
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$7.99K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$670.54K	USD	1 Quarter
Stock issued for services	`ShareBasedCompensation`	$320.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.22M	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$279.25K	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.98M	USD	1 Quarter
Accounts receivable and billings in excess	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-731.33K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$35.50K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-148.39K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-156.00	USD	1 Quarter
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$184.30K	USD	1 Quarter
Construction in progress	`IncreaseDecreaseInOtherCurrentAssets`	$-371.95K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-293.37K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$162.41K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$237.62K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$406.48K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.94M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	1 Quarter
Collection of other receivables	`ProceedsFromCollectionOfOtherReceivables`	$2.73K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$7.99K	USD	1 Quarter
Purchase of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$400.00K	USD	1 Quarter
Lending of other receivables	`PaymentsToAcquireLoansReceivable`	$887.00	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.10M	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 Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.49M	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
Cash received on stock subscriptions	`ProceedsFromOtherEquity`	$1.00M	USD	1 Quarter
Proceeds from line of credit, net	`ProceedsFromLinesOfCredit`	$2.91M	USD	1 Quarter
Proceeds from notes payable, net	`ProceedsFromNotesPayable`	$9.95M	USD	1 Quarter
Repayment of notes payable and line of credit	`RepaymentsOfOtherDebt`	$103.87K	USD	1 Quarter
Repayment of notes payable and line of credit	`RepaymentsOfOtherDebt`	$438.71K	USD	1 Quarter
Repayment of related party loans	`RepaymentsOfRelatedPartyDebt`	$4.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$12.76M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$658.14K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.42M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.34M	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.30M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.40M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.30M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.40M	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`	$68.87K	USD	1 Quarter
Common stock issued for conversion of preferred stock	`CommonStockIssuedForConversionOfPreferredStock`	$333.13K	USD	1 Quarter
Common stock issued for settlement of litigation	`LitigationSettlementGross`	$-989.78K	USD	1 Quarter
Common stock issued for acquisition of subsidiary	`CommonStockIssuedForAcquisitionOfSubsidiary`	$4.60M	USD	1 Quarter
Preferred stock issued as collateral for loan	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$400.00	USD	1 Quarter
Debt discount and conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.39M	USD	1 Quarter

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