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10-Q Filing

ECOSPHERE TECHNOLOGIES INC CIK: 1071760 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001553350-13-000201
Period End Date 20130331
Filing Date 20130521
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance esph-20130331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash CashAndCashEquivalentsAtCarryingValue $433.69K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $2.04M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $2.52M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $25.00K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $60.17K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $1.15M USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $461.59K USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventory InventoryNet $4.05M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Inventory InventoryNet $757.68K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 152.44M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $107.07K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 153.62M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $260.91K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 152.44M shares Point-in-time
Total current assets AssetsCurrent $4.54M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 153.62M shares Point-in-time
Total current assets AssetsCurrent $5.23M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.26M USD Point-in-time
Common stock, shares issuable CommonStockIssuable 1.08M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $4.26M USD Point-in-time
Common stock, shares issuable CommonStockIssuable 1.50M shares Point-in-time
Debt issuance costs, net DeferredFinanceCostsNoncurrentNet - USD Point-in-time
Debt issuance costs, net DeferredFinanceCostsNoncurrentNet $61.29K USD Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $80.21K USD Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $81.69K USD Point-in-time
Deposits DepositsAssetsNoncurrent $22.44K USD Point-in-time
Deposits DepositsAssetsNoncurrent $22.44K USD Point-in-time
Total assets Assets $9.66M USD Point-in-time
Total assets Assets $8.91M USD Point-in-time
Accounts payable AccountsPayableCurrent $845.24K USD Point-in-time
Accounts payable AccountsPayableCurrent $3.24M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.12M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $899.01K USD Point-in-time
Customer deposits CustomerDepositsCurrent - USD Point-in-time
Customer deposits CustomerDepositsCurrent $23.20K USD Point-in-time
Convertible notes payable ConvertibleNotesPayableCurrent $1.20M USD Point-in-time
Convertible notes payable ConvertibleNotesPayableCurrent $1.20M USD Point-in-time
Current portion of note payable NotesPayableCurrent $68.10K USD Point-in-time
Current portion of note payable NotesPayableCurrent $85.12K USD Point-in-time
Warrant derivatives fair value DerivativeLiabilitiesCurrent $282.98K USD Point-in-time
Warrant derivatives fair value DerivativeLiabilitiesCurrent $197.01K USD Point-in-time
Current portion of financing obligations FinancingObligationsCurrent $96.55K USD Point-in-time
Current portion of financing obligations FinancingObligationsCurrent $86.41K USD Point-in-time
Current portion of capital lease obligation CapitalLeaseObligationsCurrent $14.78K USD Point-in-time
Current portion of capital lease obligation CapitalLeaseObligationsCurrent $14.59K USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.57M USD Point-in-time
Convertible notes payable, net of discounts ConvertibleLongTermNotesPayable - USD Point-in-time
Convertible notes payable, net of discounts ConvertibleLongTermNotesPayable $380.20K USD Point-in-time
Note payable, net of current portion LongTermNotesPayable $119.17K USD Point-in-time
Note payable, net of current portion LongTermNotesPayable $136.20K USD Point-in-time
Financing obligations, net of current portion FinancingObligationsNoncurrent $106.61K USD Point-in-time
Financing obligations, net of current portion FinancingObligationsNoncurrent $95.75K USD Point-in-time
Restructuring reserve RestructuringReserveNoncurrent $5.91K USD Point-in-time
Restructuring reserve RestructuringReserveNoncurrent - USD Point-in-time
Capital lease obligation, net of current portion CapitalLeaseObligations $57.28K USD Point-in-time
Capital lease obligation, net of current portion CapitalLeaseObligations $53.51K USD Point-in-time
Total Liabilities Liabilities $3.88M USD Point-in-time
Total Liabilities Liabilities $6.46M USD Point-in-time
Redeemable convertible cumulative preferred stock PreferredStockValue $3.64M USD Point-in-time
Redeemable convertible cumulative preferred stock PreferredStockValue $3.66M USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value; 300,000,000 shares authorized; 153,618,062 and 152,438,179 shares issued and outstanding at March 31, 2013 and December 31, 2012,respectively CommonStockValue $1.54M USD Point-in-time
Common stock, $0.01 par value; 300,000,000 shares authorized; 153,618,062 and 152,438,179 shares issued and outstanding at March 31, 2013 and December 31, 2012,respectively CommonStockValue $1.52M USD Point-in-time
Common stock issuable, $0.01 par value; 1,495,652 and 1,084,499 issuable at March 31, 2013 and December 31, 2012, respectively CommonStockIssuableValue $14.96K USD Point-in-time
Common stock issuable, $0.01 par value; 1,495,652 and 1,084,499 issuable at March 31, 2013 and December 31, 2012, respectively CommonStockIssuableValue $10.85K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $107.77M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $108.41M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-117.34M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-119.67M USD Point-in-time
Total Ecosphere Technologies, Inc. stockholders' deficit StockholdersEquity $-8.03M USD Point-in-time
Total Ecosphere Technologies, Inc. stockholders' deficit StockholdersEquity $-9.71M USD Point-in-time
Noncontrolling interest in consolidated subsidiary MinorityInterest $9.42M USD Point-in-time
Noncontrolling interest in consolidated subsidiary MinorityInterest $9.25M USD Point-in-time
Total equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.39M USD Point-in-time
Total equity (deficit) StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-453.32K USD Point-in-time
Total liabilities, redeemable convertible cumulative preferred stock and equity (deficit) LiabilitiesAndStockholdersEquity $8.91M USD Point-in-time
Total liabilities, redeemable convertible cumulative preferred stock and equity (deficit) LiabilitiesAndStockholdersEquity $9.66M USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Equipment sales and licensing EquipmentSalesAndLicensingRevenue $5.65M USD 1 Quarter
Equipment sales and licensing EquipmentSalesAndLicensingRevenue - USD 1 Quarter
Field services RegulatedOperatingRevenueFieldServices $751.68K USD 1 Quarter
Field services RegulatedOperatingRevenueFieldServices $2.71M USD 1 Quarter
Aftermarket part sales AftermarketPartSalesRevenue $109.94K USD 1 Quarter
Aftermarket part sales AftermarketPartSalesRevenue - USD 1 Quarter
Total revenues Revenues $861.62K USD 1 Quarter
Total revenues Revenues $8.36M USD 1 Quarter
Equipment sales and licensing costs (exclusive of depreciation shown below) CostOfEquipmentSalesAndLicensingRevenue $4.11M USD 1 Quarter
Equipment sales and licensing costs (exclusive of depreciation shown below) CostOfEquipmentSalesAndLicensingRevenue - USD 1 Quarter
Field services costs (exclusive of depreciation shown below) OtherCostAndExpenseOperating $801.72K USD 1 Quarter
Field services costs (exclusive of depreciation shown below) OtherCostAndExpenseOperating $446.60K USD 1 Quarter
Aftermarket part costs (exclusive of depreciation shown below) AftermarketPartCostsCostOfRevenue $109.54K USD 1 Quarter
Aftermarket part costs (exclusive of depreciation shown below) AftermarketPartCostsCostOfRevenue - USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.86M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $2.08M USD 1 Quarter
Restructuring charge RestructuringReserveAccrualAdjustment $-6.49K USD 1 Quarter
Restructuring charge RestructuringReserveAccrualAdjustment - USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $545.01K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $551.60K USD 1 Quarter
Total cost of expenses CostOfRevenue $3.19M USD 1 Quarter
Total cost of expenses CostOfRevenue $7.32M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-2.32M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $1.04M USD 1 Quarter
Interest expense InterestExpense $97.48K USD 1 Quarter
Interest expense InterestExpense $92.50K USD 1 Quarter
Gain (loss) from change in fair value of derivative instruments IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments $-198.16K USD 1 Quarter
Gain (loss) from change in fair value of derivative instruments IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments $-85.97K USD 1 Quarter
Other, net OtherExpenses - USD 1 Quarter
Other, net OtherExpenses $-3.76K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-291.88K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-178.47K USD 1 Quarter
Net income (loss) ProfitLoss $-2.50M USD 1 Quarter
Net income (loss) ProfitLoss $746.78K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $20.69K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $25.75K USD 1 Quarter
Net income (loss) applicable to common stock before allocation to non-controlling interest NetIncomeLoss $721.03K USD 1 Quarter
Net income (loss) applicable to common stock before allocation to non-controlling interest NetIncomeLoss $-2.52M USD 1 Quarter
Less: net income (loss) applicable to non-controlling interest in consolidated subsidiary NetIncomeLossAttributableToNoncontrollingInterest $-170.50K USD 1 Quarter
Less: net income (loss) applicable to non-controlling interest in consolidated subsidiary NetIncomeLossAttributableToNoncontrollingInterest $356.25K USD 1 Quarter
Net income (loss) applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-2.35M USD 1 Quarter
Net income (loss) applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $364.79K USD 1 Quarter
Basic EarningsPerShareBasic - USD 1 Quarter
Basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.02 USD 1 Quarter
Diluted EarningsPerShareDiluted - USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 153.83M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 147.41M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 153.83M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 161.63M shares 1 Quarter
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Net income (loss) applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-2.35M USD 1 Quarter
Net income (loss) applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $364.79K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $20.69K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $25.75K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $545.01K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $551.60K USD 1 Quarter
Non-controlling interest in (loss) income of consolidated subsidiary NetIncomeLossAttributableToNoncontrollingInterest $-170.50K USD 1 Quarter
Non-controlling interest in (loss) income of consolidated subsidiary NetIncomeLossAttributableToNoncontrollingInterest $356.25K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfDebtDiscountPremium $3.46K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfDebtDiscountPremium - USD 1 Quarter
Accretion of discount on notes payable AmortizationOfFinancingCostsAndDiscounts $69.23K USD 1 Quarter
Accretion of discount on notes payable AmortizationOfFinancingCostsAndDiscounts $43.85K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $441.87K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $236.80K USD 1 Quarter
Loss from change in fair value of warrant derivative liability UnrealizedGainLossOnDerivatives $-198.16K USD 1 Quarter
Loss from change in fair value of warrant derivative liability UnrealizedGainLossOnDerivatives $-85.97K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-688.56K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $988.50K USD 1 Quarter
(Increase) decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-8.49K USD 1 Quarter
(Increase) decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $153.84K USD 1 Quarter
(Increase) decrease in inventory IncreaseDecreaseInInventories $3.30M USD 1 Quarter
(Increase) decrease in inventory IncreaseDecreaseInInventories $-6.91K USD 1 Quarter
Decrease in deposits IncreaseDecreaseInDepositOtherAssets $-733.00 USD 1 Quarter
Decrease in deposits IncreaseDecreaseInDepositOtherAssets - USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $177.79K USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $2.40M USD 1 Quarter
Decrease in accrued liabilities IncreaseDecreaseInAccruedLiabilities $-94.96K USD 1 Quarter
Decrease in accrued liabilities IncreaseDecreaseInAccruedLiabilities $-217.11K USD 1 Quarter
Decrease in restructuring reserve IncreaseDecreaseInRestructuringReserve $-12.53K USD 1 Quarter
Decrease in restructuring reserve IncreaseDecreaseInRestructuringReserve $-5.91K USD 1 Quarter
Decrease in customer deposits IncreaseDecreaseInCustomerDeposits $-23.20K USD 1 Quarter
Decrease in customer deposits IncreaseDecreaseInCustomerDeposits - USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-2.20M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.11M USD 1 Quarter
Construction in process purchases PaymentsForConstructionInProcess - USD 1 Quarter
Construction in process purchases PaymentsForConstructionInProcess $500.69K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $41.05K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.12K USD 1 Quarter
Transfer to restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities - USD 1 Quarter
Transfer to restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $35.17K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-506.57K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-14.12K USD 1 Quarter
Proceeds from issuance of convertible notes payable and warrants, net of debt issue costs ProceedsFromConvertibleDebt $706.47K USD 1 Quarter
Proceeds from issuance of convertible notes payable and warrants, net of debt issue costs ProceedsFromConvertibleDebt - USD 1 Quarter
Proceeds from warrant and option exercises ProceedsFromStockOptionsExercised $20.00K USD 1 Quarter
Proceeds from warrant and option exercises ProceedsFromStockOptionsExercised $229.80K USD 1 Quarter
Proceeds from warrant modifications ProceedsFromWarrantModifications - USD 1 Quarter
Proceeds from warrant modifications ProceedsFromWarrantModifications $107.40K USD 1 Quarter
Distributions from subsidiary to noncontrolling members PaymentsToMinorityShareholders - USD 1 Quarter
Distributions from subsidiary to noncontrolling members PaymentsToMinorityShareholders $908.55K USD 1 Quarter
Repayments of notes payable and insurance financing RepaymentsOfNotesPayable $30.00K USD 1 Quarter
Repayments of notes payable and insurance financing RepaymentsOfNotesPayable $35.86K USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $3.58K USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Repayments of vehicle and equipment financing RepaymentOfVehicleAndEquipmentFinancing $21.00K USD 1 Quarter
Repayments of vehicle and equipment financing RepaymentOfVehicleAndEquipmentFinancing $11.52K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-618.73K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $671.89K USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-2.03M USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $472.73K USD 1 Quarter
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $433.69K USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $2.04M USD Point-in-time
Cash at beginning of year CashAndCashEquivalentsAtCarryingValue $2.52M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $433.69K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $2.46M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $2.04M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $2.52M USD Point-in-time
Cash paid for interest InterestPaid $3.12K USD 1 Quarter
Cash paid for interest InterestPaid $34.05K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $20.69K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $25.75K USD 1 Quarter
Conversion of convertible notes to common stock NetAmountOfConvertibleDebtExchangedForStock - USD 1 Quarter
Conversion of convertible notes to common stock NetAmountOfConvertibleDebtExchangedForStock $275.00K USD 1 Quarter
Reduction of derivative liability for warrant derivative instruments from warrant exercises and modifications ReductionOfDerivativeLiabilityForWarrantDerivativeInstrumentsFromWarrantExercisesAndModifications - USD 1 Quarter
Reduction of derivative liability for warrant derivative instruments from warrant exercises and modifications ReductionOfDerivativeLiabilityForWarrantDerivativeInstrumentsFromWarrantExercisesAndModifications $57.09K USD 1 Quarter
Common stock issued as settlement of note and accrued interest CommonStockIssuedAsSettlementOfNoteAndAccruedInterest - USD 1 Quarter
Common stock issued as settlement of note and accrued interest CommonStockIssuedAsSettlementOfNoteAndAccruedInterest $6.00K USD 1 Quarter
Cashless exercise of options and warrants CashlessExerciseOfOptionsAndWarrants $3.69K USD 1 Quarter
Cashless exercise of options and warrants CashlessExerciseOfOptionsAndWarrants $14.96K USD 1 Quarter
Beneficial conversion feature on convertible debt charged to additional paid in capital AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature - USD 1 Quarter
Beneficial conversion feature on convertible debt charged to additional paid in capital AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature $391.77K USD 1 Quarter
Warrants issued as debt issue cost AdjustmentsToAdditionalPaidInCapitalWarrantIssued - USD 1 Quarter
Warrants issued as debt issue cost AdjustmentsToAdditionalPaidInCapitalWarrantIssued $21.21K USD 1 Quarter
Insurance premium finance contract recorded as prepaid asset InsurancePremiumFinanceContractRecordedAsPrepaidAsset $168.86K USD 1 Quarter
Insurance premium finance contract recorded as prepaid asset InsurancePremiumFinanceContractRecordedAsPrepaidAsset $171.93K USD 1 Quarter

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

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