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10-Q Filing

ECOSPHERE TECHNOLOGIES INC CIK: 1071760 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001553350-17-000666
Period End Date 20170331
Filing Date 20170522
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance esph-20170331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash CashAndCashEquivalentsAtCarryingValue $7.76K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $94.00 USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $18.98K USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $10.38K USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent - USD Point-in-time
Inventory, net InventoryNet $950.60K USD Point-in-time
Inventory, net InventoryNet $224.57K USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $24.19K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $27.23K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Total current assets AssetsCurrent $996.81K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Total current assets AssetsCurrent $266.90K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.23M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.11M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 180.28M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 173.71M shares Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $170.21K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 180.28M shares Point-in-time
Patents, net FiniteLivedIntangibleAssetsNet $167.41K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 173.71M shares Point-in-time
Common stock, shares issuable CommonStockIssuable 0.00 shares Point-in-time
Common stock, shares issuable CommonStockIssuable 1.00M shares Point-in-time
Deposits DepositsAssetsNoncurrent $79.92K USD Point-in-time
Deposits DepositsAssetsNoncurrent $83.00K USD Point-in-time
Total assets Assets $1.75M USD Point-in-time
Total assets Assets $2.36M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.37M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.57M USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent $29.45K USD Point-in-time
Accounts payable, related party AccountsPayableRelatedPartiesCurrent - USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $2.77M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $3.21M USD Point-in-time
Customer deposits CustomerDepositsCurrent $269.50K USD Point-in-time
Customer deposits CustomerDepositsCurrent $1.56M USD Point-in-time
Current portion of deferred revenue DeferredRevenueCurrent $25.00K USD Point-in-time
Current portion of deferred revenue DeferredRevenueCurrent $25.00K USD Point-in-time
Current portion of convertible notes payable, net of discounts ConvertibleNotesPayableCurrent $6.54M USD Point-in-time
Current portion of convertible notes payable, net of discounts ConvertibleNotesPayableCurrent $6.83M USD Point-in-time
Current portion of notes payable, net of discounts NotesPayableCurrent $852.15K USD Point-in-time
Current portion of notes payable, net of discounts NotesPayableCurrent $856.30K USD Point-in-time
Related party notes and loans payable NotesPayableRelatedPartiesClassifiedCurrent $300.34K USD Point-in-time
Related party notes and loans payable NotesPayableRelatedPartiesClassifiedCurrent $190.34K USD Point-in-time
Current portion of financing obligations OtherNotesPayableCurrent $12.12K USD Point-in-time
Current portion of financing obligations OtherNotesPayableCurrent $10.44K USD Point-in-time
Current portion of capital lease obligation CapitalLeaseObligationsCurrent $16.33K USD Point-in-time
Current portion of capital lease obligation CapitalLeaseObligationsCurrent - USD Point-in-time
Obligation secured by revenues ObligationSecuredByRevenues $745.00K USD Point-in-time
Obligation secured by revenues ObligationSecuredByRevenues $200.00K USD Point-in-time
Fair value of liability of derivative instruments EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability $120.64K USD Point-in-time
Fair value of liability of derivative instruments EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability $160.66K USD Point-in-time
Total current liabilities LiabilitiesCurrent $13.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $13.76M USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $426.04K USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $419.79K USD Point-in-time
Notes payable, net of current portion LongTermNotesPayable $791.00K USD Point-in-time
Notes payable, net of current portion LongTermNotesPayable $791.50K USD Point-in-time
Financing obligations, net of current portion OtherLongTermNotesPayable $18.92K USD Point-in-time
Financing obligations, net of current portion OtherLongTermNotesPayable $16.22K USD Point-in-time
Total liabilities Liabilities $15.14M USD Point-in-time
Total liabilities Liabilities $14.99M USD Point-in-time
Redeemable convertible cumulative preferred stock PreferredStockValue $3.99M USD Point-in-time
Redeemable convertible cumulative preferred stock PreferredStockValue $3.97M USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value; 300,000,000 shares authorized; 180,284,191 and 173,713,047 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $1.80M USD Point-in-time
Common stock, $0.01 par value; 300,000,000 shares authorized; 180,284,191 and 173,713,047 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $1.74M USD Point-in-time
Common stock issuable, $0.01 par value; 0 and 1,000,000 issuable at March 31, 2017 and December 31, 2016, respectively CommonStockIssuableValue $10.00K USD Point-in-time
Common stock issuable, $0.01 par value; 0 and 1,000,000 issuable at March 31, 2017 and December 31, 2016, respectively CommonStockIssuableValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $122.18M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $122.36M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-140.66M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-139.87M USD Point-in-time
Total Ecosphere Technologies, Inc. stockholders' deficit StockholdersEquity $-15.95M USD Point-in-time
Total Ecosphere Technologies, Inc. stockholders' deficit StockholdersEquity $-16.50M USD Point-in-time
Noncontrolling interest in consolidated subsidiaries MinorityInterest $-800.21K USD Point-in-time
Noncontrolling interest in consolidated subsidiaries MinorityInterest $-730.37K USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-17.23M USD Point-in-time
Total stockholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-16.75M USD Point-in-time
Total liabilities, redeemable convertible cumulative preferred stock and stockholders' deficit LiabilitiesAndStockholdersEquity $1.75M USD Point-in-time
Total liabilities, redeemable convertible cumulative preferred stock and stockholders' deficit LiabilitiesAndStockholdersEquity $2.36M USD Point-in-time
Income Statement 55 line items
Line Item Tag Value Unit Period
Equipment sales and licensing EquipmentSalesAndLicensingRevenue $1.30M USD 1 Quarter
Equipment sales and licensing EquipmentSalesAndLicensingRevenue $6.25K USD 1 Quarter
Aftermarket part and product sales RegulatedOperatingRevenueOther $730.00 USD 1 Quarter
Aftermarket part and product sales RegulatedOperatingRevenueOther $6.70K USD 1 Quarter
Royalties RoyaltyRevenue - USD 1 Quarter
Royalties RoyaltyRevenue $10.38K USD 1 Quarter
Total revenues Revenues $6.98K USD 1 Quarter
Total revenues Revenues $1.32M USD 1 Quarter
Equipment sales and licensing CostOfEquipmentSalesAndLicensingRevenue $788.90K USD 1 Quarter
Equipment sales and licensing CostOfEquipmentSalesAndLicensingRevenue - USD 1 Quarter
Aftermarket part and product sales AftermarketPartCostsExclusiveOfDepreciation $490.00 USD 1 Quarter
Aftermarket part and product sales AftermarketPartCostsExclusiveOfDepreciation $9.26K USD 1 Quarter
Royalties RoyaltyExpense $1.92K USD 1 Quarter
Total cost of revenues CostOfRevenue $800.07K USD 1 Quarter
Total cost of revenues CostOfRevenue $490.00 USD 1 Quarter
Gross profit GrossProfit $6.49K USD 1 Quarter
Gross profit GrossProfit $517.17K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.56M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $857.24K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $57.84K USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $81.47K USD 1 Quarter
Bad debt ProvisionForDoubtfulAccounts $3.64K USD 1 Quarter
Bad debt ProvisionForDoubtfulAccounts - USD 1 Quarter
Total operating expenses OperatingExpenses $1.64M USD 1 Quarter
Total operating expenses OperatingExpenses $915.08K USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.64M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-397.91K USD 1 Quarter
Interest expense InterestExpense $356.60K USD 1 Quarter
Interest expense InterestExpense $209.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-120.31K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Change in fair value of derivative instruments ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1 - USD 1 Quarter
Change in fair value of derivative instruments ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1 $40.01K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense - USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $1.26K USD 1 Quarter
Total other expenses, net NonoperatingIncomeExpense $-316.59K USD 1 Quarter
Total other expenses, net NonoperatingIncomeExpense $-328.05K USD 1 Quarter
Net loss ProfitLoss $-1.97M USD 1 Quarter
Net loss ProfitLoss $-714.50K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $20.69K USD 1 Quarter
Preferred stock dividends DividendsPreferredStock $20.69K USD 1 Quarter
Net loss applicable to common stock before allocation to non-controlling interest NetIncomeLoss $-1.99M USD 1 Quarter
Net loss applicable to common stock before allocation to non-controlling interest NetIncomeLoss $-735.18K USD 1 Quarter
Less: net (income) loss applicable to non-controlling interest in consolidated subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $-193.38K USD 1 Quarter
Less: net (income) loss applicable to non-controlling interest in consolidated subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $69.83K USD 1 Quarter
Net loss applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-1.79M USD 1 Quarter
Net loss applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-805.02K USD 1 Quarter
Basic EarningsPerShareBasic - USD 1 Quarter
Basic EarningsPerShareBasic $-0.01 USD 1 Quarter
Diluted EarningsPerShareDiluted - USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.01 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 165.95M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 177.84M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 165.95M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 177.84M shares 1 Quarter
Cash Flow Statement 87 line items
Line Item Tag Value Unit Period
Net loss applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-1.79M USD 1 Quarter
Net loss applicable to Ecosphere Technologies, Inc. common stock NetIncomeLossAvailableToCommonStockholdersBasic $-805.02K USD 1 Quarter
Preferred stock dividends DividendsPreferredStockCash $20.69K USD 1 Quarter
Preferred stock dividends DividendsPreferredStockCash $20.69K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $59.75K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $81.47K USD 1 Quarter
Non-controlling interest in income (loss) of consolidated subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $-193.38K USD 1 Quarter
Non-controlling interest in income (loss) of consolidated subsidiaries NetIncomeLossAttributableToNoncontrollingInterest $69.83K USD 1 Quarter
Amortization of discount on notes payable AmortizationOfFinancingCostsAndDiscounts $27.73K USD 1 Quarter
Amortization of discount on notes payable AmortizationOfFinancingCostsAndDiscounts $122.47K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $655.48K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $6.59K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-120.31K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain from change in fair value of derivative liability ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1 - USD 1 Quarter
Gain from change in fair value of derivative liability ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1 $40.01K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $3.64K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts - USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-46.31K USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $10.38K USD 1 Quarter
Decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-3.04K USD 1 Quarter
Decrease in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-10.32K USD 1 Quarter
Decrease (increase) in inventory IncreaseDecreaseInInventories $-726.03K USD 1 Quarter
Decrease (increase) in inventory IncreaseDecreaseInInventories $112.37K USD 1 Quarter
Increase in deposits IncreaseDecreaseInDepositsOutstanding $3.09K USD 1 Quarter
Increase in deposits IncreaseDecreaseInDepositsOutstanding $3.21K USD 1 Quarter
(Decrease) increase in accounts payable IncreaseDecreaseInAccountsPayable $113.14K USD 1 Quarter
(Decrease) increase in accounts payable IncreaseDecreaseInAccountsPayable $-217.08K USD 1 Quarter
Increase in related party accounts payable IncreaseDecreaseInAccountsPayableRelatedParties $29.45K USD 1 Quarter
Increase in related party accounts payable IncreaseDecreaseInAccountsPayableRelatedParties - USD 1 Quarter
Increase in accrued liabilities IncreaseDecreaseInAccruedLiabilities $327.78K USD 1 Quarter
Increase in accrued liabilities IncreaseDecreaseInAccruedLiabilities $452.39K USD 1 Quarter
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-6.25K USD 1 Quarter
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-6.25K USD 1 Quarter
(Decrease) increase in customer deposits IncreaseDecreaseInCustomerDeposits $-1.29M USD 1 Quarter
(Decrease) increase in customer deposits IncreaseDecreaseInCustomerDeposits $150.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-885.50K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-551.59K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $173.46K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.08K USD 1 Quarter
Cash receipts from sale of fixed asset ProceedsFromSaleOfPropertyPlantAndEquipment $50.00K USD 1 Quarter
Cash receipts from sale of fixed asset ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Cash receipts from sale of fixed asset ProceedsFromSaleOfPropertyPlantAndEquipment $500.00K USD Annual
Payment of patent costs PaymentsToAcquireIntangibleAssets $5.53K USD 1 Quarter
Payment of patent costs PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $42.40K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-173.46K USD 1 Quarter
Proceeds from issuance of convertible notes payable and warrants ProceedsFromConvertibleDebt $394.55K USD 1 Quarter
Proceeds from issuance of convertible notes payable and warrants ProceedsFromConvertibleDebt $554.00K USD 1 Quarter
Proceeds from issuance of related party note payable ProceedsFromRelatedPartyDebt $130.00K USD 1 Quarter
Proceeds from issuance of related party note payable ProceedsFromRelatedPartyDebt $37.55K USD 1 Quarter
Proceeds for obligation secured by revenues ProceedsFromNotesPayable $545.00K USD 1 Quarter
Proceeds for obligation secured by revenues ProceedsFromNotesPayable - USD 1 Quarter
Repayment of related party note payable RepaymentsOfRelatedPartyDebt $4.00K USD 1 Quarter
Repayment of related party note payable RepaymentsOfRelatedPartyDebt $20.00K USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $2.57K USD 1 Quarter
Repayments of vehicle and equipment financing RepaymentsOfNotesPayable $1.82K USD 1 Quarter
Repayments of vehicle and equipment financing RepaymentsOfNotesPayable $21.41K USD 1 Quarter
Restricted funds held in escrow ProceedsFromRepaymentsOfRestrictedCashInFinancingActivities $-15.00K USD 1 Quarter
Restricted funds held in escrow ProceedsFromRepaymentsOfRestrictedCashInFinancingActivities - USD 1 Quarter
Bank overdraft fee ProceedsFromRepaymentsOfBankOverdrafts - USD 1 Quarter
Bank overdraft fee ProceedsFromRepaymentsOfBankOverdrafts $-37.32K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.05M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $511.25K USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-11.23K USD 1 Quarter
Net (decrease) increase in cash CashAndCashEquivalentsPeriodIncreaseDecrease $2.05K USD 1 Quarter
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $7.76K USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $94.00 USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $18.98K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $7.76K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $94.00 USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $18.98K USD Point-in-time
Cash paid for interest InterestPaid $5.67K USD 1 Quarter
Cash paid for interest InterestPaid $7.79K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid - USD 1 Quarter
Accrued preferred stock dividends DividendsPreferredStockStock $20.69K USD 1 Quarter
Accrued preferred stock dividends DividendsPreferredStockStock $20.69K USD 1 Quarter
Conversion of convertible debt NetAmountOfConvertibleDebtExchangedForStock $50.00K USD 1 Quarter
Conversion of convertible debt NetAmountOfConvertibleDebtExchangedForStock $250.70K USD 1 Quarter
Reclassification of financing and capital lease obligations to accounts payable NotesReduction $18.90K USD 1 Quarter
Reclassification of financing and capital lease obligations to accounts payable NotesReduction - USD 1 Quarter
Reclassification of note payable to convertible notes payable NotesPayableReclassification - USD 1 Quarter
Reclassification of note payable to convertible notes payable NotesPayableReclassification $4.16K USD 1 Quarter

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

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