Blue Earth (BBLUQ) 10-Q/A 14 Oct 15 2015 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2015shares
Document and Entity Information
Entity Registrant Name	Blue Earth, Inc.
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,422,109
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	93,404,858
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q1
Trading Symbol	bblu

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 6,090,154	$ 2,883,621
Restricted cash	632,258	632,102
Accounts receivable, net	3,438,804	1,739,822
Costs and revenues in excess of billings	552,930	3,967,207
Inventory, net	521,858	352,862
Construction in progress	71,128	68,213
Other receivables	76,194	78,926
Prepaid expenses and deposits	1,742,954	1,639,531
Total Current Assets	13,126,280	11,362,284
PROPERTY AND EQUIPMENT, net	63,881,481	56,815,626
OTHER ASSETS
Deposits	71,544	80,455
Natural gas futures	2,259,995	2,426,266
Long term receivables	1,417,901	1,587,548
Equity method investment	9,525,841	9,353,402
Assets of discontinued operations	1,103,059	1,221,631
Contracts and technology, net	18,247,487	19,296,534
Total Other Assets	32,625,827	33,965,836
TOTAL ASSETS	109,633,588	102,143,746
CURRENT LIABILITIES
Accounts payable	4,243,128	3,933,969
Current portion of notes payable	22,505	121,466
Related party payables	1,333,147	1,333,147
Line of credit payable	3,000,000
Convertible note payable	8,026,072
Accrued expenses	2,546,721	2,857,597
Payroll expenses payable	261,243	167,780
Liabilities of discontinued operations	495,629	354,665
Total Current Liabilities	19,928,445	8,768,624
LONG TERM LIABILITIES
Total Liabilities	$ 19,928,445	$ 8,768,624
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock value	$ 400
Common stock value	93,405	$ 94,259
Additional paid-in capital	190,797,290	188,159,932
Accumulated deficit	(101,185,952)	(94,879,069)
Total Stockholders' Equity	89,705,143	93,375,122
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 109,633,588	$ 102,143,746

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2015	Dec. 31, 2014
Balance Sheet
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	400,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	93,404,858	94,258,713
Common stock, shares outstanding	93,404,858	94,258,713

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement
REVENUES	$ 3,752,014	$ 1,879,168
COST OF SALES	3,422,344	1,251,626
GROSS PROFIT	329,670	627,542
OPERATING EXPENSES
Depreciation and amortization	1,081,579	948,820
General and administrative	5,076,380	5,024,908
Total Operating Expenses	6,157,959	5,973,728
LOSS FROM OPERATIONS	(5,828,289)	(5,346,186)
OTHER INCOME (EXPENSE)
Other income	940	940
(Loss) from equity investment	(227,560)
Interest expense	421,341	230,007
Mark futures to market	(166,271)
Gain (loss) on sale of assets	7,987	11,235
Gain on settlement of litigation	989,778
Total Other Income (Expense)	183,533	(217,832)
LOSS BEFORE INCOME TAXES	$ (5,644,756)	$ (5,564,018)
INCOME TAX EXPENSE
GAIN (LOSS) FROM DISCONTINUED OPERATIONS	$ (662,127)	$ (122,442)
NET LOSS	(6,306,884)	(5,686,460)
PREFERRED DIVIDENDS		(392,888)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (6,306,883)	$ (6,079,348)
BASIC AND DILUTED LOSS PER SHARE	$ (0.06)	$ (0.09)
Continuing operations loss per share	(0.01)	0
Disontinued operations loss per share	$ (0.07)	$ (0.10)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	94,311,979	61,928,226

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES
NET LOSS	$ (6,306,884)	$ (5,686,460)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock option and stock warrants issued for services	1,385,338	1,189,727
(Loss) from equity investment	(227,560)
Impairment of inventory	369,039
Mark gas futures to market	166,271
Gain on settlement of litigation	989,778
Gain (loss) on sale of assets	7,987	11,235
Stock issued for services	320,653	670,542
Depreciation and amortization	1,081,579	948,820
Amortization of debt discount	279,254
Changes in operating assets and liabilities:
Accounts receivable and billings in excess	1,884,942	427,138
Inventory	(168,996)	(9,689)
Restricted cash	(156)
Construction in progress	(371,955)	184,302
Prepaid expenses and deposits	(291,770)	162,507
Accounts payable and accrued expenses	91,747	444,207
Net Cash Used in Operating Activities	(2,331,142)	(1,680,141)
Net Cash Provided by Discontinued Operating Activities	264,448	(1,072,270)
INVESTING ACTIVITIES
Collection of other receivables	2,732
Proceeds from sale of equipment	7,987
Purchase of equity method investment	400,000
Lending of other receivables		887
Purchase of property and equipment	7,098,388	1,353,588
Net Cash Used in Investing Activities	(7,487,669)	(1,354,475)
Net Cash Used in Discontinued Investing Activities		(17,882)
FINANCING ACTIVITIES
Proceeds from warrants and options exercised		100,857
Cash received on stock subscriptions		1,000,000
Proceeds from line of credit, net	2,911,700
Proceeds from notes payable, net	9,953,068
Repayment of notes payable and line of credit	98,962	435,498
Repayment of related party loans		4,004
Net Cash Provided by Financing Activities	12,765,806	661,355
Net Cash Used in Discontinued Financing Activities	(4,910)	(3,212)
NET INCREASE (DECREASE) IN CASH	3,206,533	(3,466,625)
CASH AT BEGINNING OF PERIOD	2,883,621	8,373,380
CASH AT END OF PERIOD	6,090,154	4,906,755
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for Interest	68,871	97,292
NON CASH FINANCING ACTIVITIES:
Common stock issued for conversion of preferred stock		333,128
Common stock issued for settlement of litigation	(989,778)
Common stock issued for acquisition of subsidiary		$ 4,602,500
Preferred stock issued as collateral for loan	400
Debt discount and conversion feature	$ 1,385,338

Condensed Financial Statements

Condensed Financial Statements	3 Months Ended
	Mar. 31, 2015
Notes
Condensed Financial Statements	NOTE 1 - CONDENSED FINANCIAL STATEMENTS The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2015 and 2014, and for all periods presented herein, have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2014 audited financial statements, as amended. The results of operations for the periods ended March 31, 2015 and 2014 are not necessarily indicative of the operating results for the full year.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Notes
Significant Accounting Policies	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Inventory Inventory is recorded at the lower of cost or market (net realizable value) using the average cost method. The inventory on hand as of March 31, 2015 consists of battery and battery components, at costs of $521,858. The inventory is valued net of an allowance of $6,188 as of March 31, 2015. The Company does not have any work in progress. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Recent Accounting Pronouncements The Company has evaluated recent accounting pronouncements and their adoption has not had, nor is expected to have a material impact on the Company’s financial position, or statements.

Significant Events

Significant Events	3 Months Ended
	Mar. 31, 2015
Notes
Significant Events	NOTE 3 - SIGNIFICANT EVENTS Settlement of Litigation The Company received 1,127,742 shares of its common stock in settlement of litigation valued at $0.922 per share. As part of the settlement the Company forgave a $50,000 note receivable resulting in a gain on settlement of litigation of $989,778 . Common Stock Transactions During the three months ended March 31, 2015, the Company issued 73,887 common shares for services valued at $94,653. The Company also issued 200,000 common shares for debt issuance costs valued at $226,000. The Company cancelled the 1,127,742 shares of its common stock it received in settlement of litigation. Credit Line Payable During the three months ended March 31, 2015, the Company borrowed $3,000,000 on the line of credit. The line of credit is for up to $4,000,000 subject to approval of the use of proceeds by the lender. The line of credit accrues interest at 12% per annum and is secured by the Sumter Heat and Power CHP plant and the Melga Solar Project. The Company received net proceeds of $2,911,700 after closing costs. The Company has issued 400,000 shares of Class D convertible preferred stock as tertiary collateral for the line of credit. The $88,300 of fees withheld from the proceeds of the line of credit are included in prepaid expenses and are being amortized over the term of the line of credit. Related Party Notes Payable The related party notes payable, totaling $1,333,147, are due on demand, accrue interest at 12% per annum and are unsecured. CHP Plant Energized On March 30, 2015 the Company energized its initial combined heat and power (“CHP”) energy plant at a poultry processing facility in Sumter, South Carolina. The Company owns and operates the energy plant which provides combined heat and power (CHP) solutions. Electricity is generated and the thermal heat from the generator is captured and utilized for processes in the poultry facility, lowering energy costs, reducing greenhouse gas emissions and improving energy efficiency. Convertible Note Payable During the three months ended March 31, 2015, the Company borrowed $10,000,000 on a convertible note payable. The note payable was convertible into shares of the Company’s common stock at $1.02 per share, as amended. The convertible note payable accrued interest at 12% per annum and was due on September 10, 2015. The convertible note payable is secured by all the assets of the company except for the Sumter Heat and Power CHP plant and the Melga Solar Project and is also guaranteed by each of the Company’s Subsidiaries, other than the two just mentioned. The Company received net proceeds of $9,953,068 after closing costs. The $46,932 in legal fees withheld from the loan proceeds are included in prepaid expenses and are being amortized over the 6 month term of the convertible note payable. The lender received 200,000 shares of common stock as consideration for making the loan valued at $226,000. The lender also received 2,000,000 warrants to purchase shares of the Company’s common stock at $1.02 per share, as amended. The value of the warrants measured by The Company was $1,321,600. The value was computed using the Black-Scholes formula with a 5 year maturity, 1.62% risk free rate and a 94.46% volatility. The lender also received the right to purchase shares of the Company’s common stock at $1.02 per share, as amended, upon the Company’s repayment of all or part of the convertible note payable. The value of the right to purchase common shares measured by the Company was $649,091. The value was computed using the Black-Scholes formula with a 1 year maturity, .25% risk free rate, a 87.06% volatility and a 5% probability of exercise. The total discount on the convertible note payable of $2,196,691 is being amortized over the 6 month term of the debt. The Company recorded $222,763 of interest expense from the amortization of the discount during the quarter ended March 31, 2015. The following is a summary of convertible note payable the period ended March 31, 2015: Balance at December 31, 2014 $ -- Borrowing of convertible note payable 10,000,000 Discount on convertible note payable (2,196,691) Amortization of discount 222,763 Balance at March 31, 2015 $ 8,026,072 Series D Preferred Stock The Company has issued 400,000 shares of its $10.00 per share Series D preferred stock as tertiary collateral against the line of credit. The Series D preferred shares are issued, but not presently outstanding. The Series D preferred shares certificate is held by a third party and the lender does not have access to the certificate without the consent and cooperation of the Company. Solely in the event of a default by the Company of its payment obligations under the terms of the line of credit, a block of the Series D preferred shares would be released and converted into common shares in accordance the formula provided in the line of credit agreement. The sufficient common shares would be sold by the lender to cure the default. Upon the repayment of the line of credit the Series D preferred stock will be returned to the Company and cancelled

Stock Purchase Warrants and Opt

Stock Purchase Warrants and Options	3 Months Ended
	Mar. 31, 2015
Notes
Stock Purchase Warrants and Options	NOTE 4 - STOCK PURCHASE WARRANTS AND OPTIONS A summary of the Company’s warrant activity during the periods ended March 31, 2015 and December 31, 2014 is presented below: Weighted Weighted Average Average Remaining Aggregate No. of Exercise Contractual Intrinsic Warrants Price Term Value Balance Outstanding, December 31, 2013 22,660,668 $ 1.90 6.52 $ 43,055,269 Granted 200,000 $ 0.00 10.00 Granted 100,000 $ 1.00 10.00 Granted 8,521,654 $ 6.00 3.00 Cancelled (3,600,000) $ (1.18) -- Forfeited (1,472,060) $ (1.90) -- Exercised (9,778,344) $ (1.60) -- Balance Outstanding, December 31, 2014 16,631,918 $ 3.80 5.29 $ 53,353,862 Granted 2,000,000 $ 1.00 5.00 Balance Outstanding, March 31, 2015 18,631,918 $ 3.26 4.66 $ 60,727,862 Exercisable, March 31, 2015 16,474,775 $ 3.41 4.19 $ 56,203,004 A summary of the Company’s option activity during the periods ended March 31, 2015 and December 31, 2014 is presented below: Weighted Weighted Average Average Remaining Aggregate No. of Exercise Contractual Intrinsic Options Price Term Value Balance Outstanding, December 31, 2013 1,011,290 $ 1.85 8.22 $ 1,851,695 Granted 1,500,000 $ 2.00 10 Granted 150,000 $ 3.00 10 Granted 120,000 $ 2.45 10 Granted 60,000 $ 2.27 10 Granted 105,000 $ 3.10 10 Granted 60,000 $ 2.45 10 Granted 100,000 $ 2.54 10 Granted 10,000 $ 1.29 10 Granted 52,720 $ 1.37 10 Granted 5,000 $ 0.75 10 Forfeited (492,119) $ 3.37 -- Exercised (85,024) $ 1.36 -- Balance Outstanding, December 31, 2014 2,596,867 $ 2.54 8.82 6,596,037 Granted 30,000 $ 1.20 10 Granted 100,000 $ 1.01 10 Granted 12,500 $ 1.21 10 Forfeited (53,513) $ 2.56 -- Balance Outstanding, March 31, 2015 2,685,854 $ 2.07 8.66 $ 5,562,931 Exercisable, March 31, 2015 1,377,944 $ 1.96 8.26 $ 2,606,233

Fair Value of Financial Instrum

Fair Value of Financial Instruments Disclosure	3 Months Ended
	Mar. 31, 2015
Notes
Fair Value of Financial Instruments Disclosure	NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows the provisions of ASC 820 for fair value measurements of all nonfinancial assets and nonfinancial liabilities not recognized or disclosed at fair value in the financial statements on a recurring basis. The accounting standard for fair value measurements provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. Fair value is defined as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The accounting standard established a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. An asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. There were no changes in the valuation techniques during the periods ended March 31, 2015 and December 31, 2014. The estimated fair value of certain financial instruments, including cash and cash equivalents and current liabilities, are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. Assets: On December 15, 2014, the Company purchased 639.25 natural gas option contracts for $2,429,150, to mitigate its exposure to fluctuations in natural gas price in connection with its CHP facility in Alberta, Canada. The gas delivery dates range from January 1, 2016 to December 31, 2022. At each reporting date the Company revalues the options to the NYMEX-NG last trade value. The Company recorded a loss of $166,271 and $-0- for the three months ended March 31, 2015 and 2014, respectively, on the value of contracts. Assets measured at fair value on a recurring and non-recurring basis consisted of the following at March 31, 2015: Liabilities: Total Carrying Value at March 31, 2015 (Level 1) (Level 2) (Level 3) Natural gas futures $ 2,259,995 $ 2,259,995 $ - $ - The following is a summary of activity of Level 1 assets for the periods ended March 31, 2015 and December 31, 2014: Balance at December 31, 2013 -- Purchases of futures contracts 2,429,150 Change in fair value 2014 (2,884) Balance at December 31, 2014 $ 2,426,266 Purchases of futures contracts -- Change in fair value 2015 (166,271) Balance at March 31, 2015 $ 2,259,995

Property and Equipment Disclosu

Property and Equipment Disclosure	3 Months Ended
	Mar. 31, 2015
Notes
Property and Equipment Disclosure	NOTE 6 - PROPERTY AND EQUIPMENT The major classes of assets as of March 31, 2015 and December 31, 2014 are as follows: March 31, 2015 December 31, 2014 Office and computer equipment $ 343,915 $ 327,023 Software 91,256 91,256 Manufacturing and installation equipment 455,150 442,450 Leasehold improvements 759,304 759,304 Cogeneration plants (under construction) 63,091,360 56,022,580 Sub Total 64,740,985 57,642,613 Accumulated Depreciation (859,504) (826,987) Net $ 63,881,481 $ 56,815,626 Depreciation expense was $32,543 and $27,622, for the three months ended March 31, 2015 and 2014, respectively. Approximately $64,740,985 of the Company’s property and equipment serves as security against its long-term debt. Depreciation of the cogeneration plants will commence when the plants are placed in service during the second quarter of 2015.

Commitments and Contingencies D

Commitments and Contingencies Disclosure	3 Months Ended
	Mar. 31, 2015
Notes
Commitments and Contingencies Disclosure	NOTE 7 - COMMITMENTS AND CONTINGENCIES Equipment Purchase Commitments The Company has entered into equipment purchase agreements whereby it has committed to paying approximately $19,629,081 for electrical co-generation equipment. The Company has made deposits of approximately $8,079,699 (41% of the total commitment) toward the purchase of the equipment which is included in construction in progress-property and equipment. The balance of the purchase price will be due upon acceptance of the equipment by the Company in accordance with progress payments as set out in the purchase contracts. Arbitrations During 2014, the Company and two consultants filed demands for arbitration with the American Arbitration Association. On August 8, 2015, the Company and two consultants received the award from the arbitrator in the Company's arbitration with two of its consultants/former employees, who had voluntarily resigned. The arbitrator awarded the two consultants damages of $1,270,000; $101,243 for breach of contract; certain declaratory relief upholding the validity of the consulting agreement; and reimbursement of the consultants' attorney's fees and costs incurred in the arbitration of $341,375. The award is a Type 1 subsequent event accordingly the Company’s financial statements are restated to reflect the award on a retroactive basis. During 2014 the Company filed a demand for arbitration with the American Arbitration Association and National Energy Partners LLC (“NEP”) and its subsidiary, Hawaii Solar LLC (“HS”) counterclaimed. The Company subsequently initiated two actions in the First Circuit Court of the State of Hawaii, the first titled Xnergy and Blue Earth, Inc. vs. Hawaii Solar, LLC. National Energy Partners, LLC, et al., Civil No. M-1-1694-08 (JHC) (the “Xnergy Action’) and the second titled Blue Earth Solar, Inc. vs. State of Hawaii, Department of Education, et al.(the “DOE Action”). The parties agreed to attempt to resolve their dispute through arbitration administered by Dispute Prevention and Resolution (“DPR Arbitration”). On August 30, 2015, the parties to the above Xnergy Action, DOE Action and DPR Arbitration entered into a Settlement Agreement and Release and a Lock-Up/Leak-Out Agreement conditioned upon subsequent Board of Directors approval by the Company which was obtained on September 3, 2015. The Settlement Agreement provides for the Company to: (a) pay $500,000 to HS (a portion of which will be paid by the Company’s insurance carrier), and (b) issue shares valued at $325,000 at a price of $0.88 per share to be registered with the SEC within sixty (60) days of the issuance of the shares. Pursuant to the terms and conditions of the Lock-Up/Leak-Out Agreement, all shares will be restricted for six (6) months, unless registered sooner and upon registration or expiration of the six-month period, seller may sell up to 10,000 shares per day and 50,000 shares per week on a non-cumulative basis. The parties exchanged mutual releases and will dismiss all claims upon payment to HS. The settlement is a Type 1 subsequent event accordingly the Company’s financial statements are restated to reflect the award on a retroactive basis. Pending Litigation On October 24, 2014, a purported class action lawsuit was filed against the Company, two executive officers, and one non-executive officer in the U.S. District Court for the Central District of California (Case No:2:14-cv-08263). On January 21, 2015, the court appointed a Lead Plaintiff and Lead Plaintiff’s Counsel. The Court also re-captioned the case In re Blue Earth, Inc. Securities Litigation, File No. CV 14-8263 DSF (JEMx). On March 13, 2105, plaintiff filed a First Amended Complaint (“FAC”). The FAC alleges claims under Sections 10(b) and 20(a) of the Exchange Act, and a purported class of purchasers of the Company’s stock during the period from October 7, 2013 through October 21, 2014. Defendants responded and filed a motion to dismiss FAC. Plaintiff’s opposition to the motion has been submitted and Defendants have submitted a reply to the opposition. Oral arguments regarding the motion to dismiss are scheduled for October 2015. The Company believes the claims contained in the FAC are without merit and is vigorously defending the matter. On August 31, 2015, a derivative lawsuit was filed in Nevada state court, captioned Powell v. Cagan, et al., No. A-15-723839-C (8th Judicial District Court, Clark County, Nevada). It names as defendants Brett Woodard, Johnny R. Thomas, John C. Francis, and the entire Board of Directors. It also names the Company as a nominal defendant. The complaint brings claims for breaches of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets, from October 2013 to the present based on directors and management allegedly allowing the company to make false and misleading statements to the public, thereby resulting in a class action lawsuit and exposing the Company to damages. The defendants have not yet been served. The Company believes the claims contained in the complaint are without merit and will vigorously defend this matter.

Operating Segments Disclosure

Operating Segments Disclosure	3 Months Ended
	Mar. 31, 2015
Notes
Operating Segments Disclosure	NOTE 8 - OPERATING SEGMENTS Operating segments are defined as components of an enterprise about which separate and discreet financial information is available and is evaluated regularly by the chief operating decision-maker in assessing performance and determining how to best allocate Company resources. The Company’s chief operating decision makers direct the allocation of resources to operating segments based on the business plan, budgets, profitability and cash flows of each respective segment. The Company has two principal operating segments: (1) technology and (2) construction of energy facilities owned by third parties. During the second quarter of 2015, a third segment will be introduced when energy is produced from facilities built and owned by the Company. These operating segments were delineated based on the nature of the products and services offered. The Company evaluates the financial performance of the respective segments based on several factors, of which the primary measure is business segment income before taxes. All significant intercompany transactions and balances have been eliminated. No restatement of prior period operating segments is necessary. The following tables show the operations of the Company’s reportable segments for the three months ended March 31, 2015 and 2014: Technology Construction Corporate Consolidated March 31, 2015 Revenues $ 53,853 $ 3,698,161 $ -- $ 3,752,014 Cost of sales 43,760 3,378,584 -- 3,422,334 Depreciation and amortization 347,587 472,079 261,913 1,081,579 General and administrative 662,887 1,504,472 2,909,020 5,076,380 Other income (expense) -- 7,537 175,996 183,533 (Loss) continued operations $ (1,000,381) $ (1,649,438) $ (2,994,937) $ (5,644,756) Total assets $ 2,278,206 $ 93,966,137 $ 13,984,245 $ 109,633,588 Technology Construction Corporate Consolidated March 31, 2014 Revenues $ 52,859 $ 1,826,309 $ -- $ 1,879,168 Cost of sales 50,218 1,201,408 -- 1,251,626 Depreciation and amortization 127,206 469,065 352,549 948,820 General and administrative 295,049 972,515 3,757,344 5,024,908 Other income (expense) (53,563) 61,309 (225,578) (217,832) (Loss) continued operations $ (473,177) $ (755,370) $ (4,335,471) $ (5,564,018) Total assets $ 1,033,867 $ 7,216,209 $ 79,942,616 $ 88,192,692

Restated Financial Statements D

Restated Financial Statements Disclosure	3 Months Ended
	Mar. 31, 2015
Notes
Restated Financial Statements Disclosure	NOTE 9 - RESTATED FINANCIAL STATEMENTS The Company has restated its financial statements to present on a retroactive basis the effect of several Type 1 subsequent events including the resolution of certain litigation and the discontinuance of a significant component of its operations. This restatement is prepared in accordance with Topic 13 of the Financial Reporting Manual of the Securities and Exchange Commission due to Company’s outstanding Form S-3. The restated financial statements reflect the accrual of $2,437,618 of losses associated with the settlement of litigation subsequent to December 31, 2014 on a retroactive basis as of and for the year ended December 31, 2014. The restated financials also reflect the reclassification of the assets, liabilities and operations of BEEMS to discontinued operations. The following table presents a summarized comparison of the original consolidated balance sheets to the restated balance sheets: BLUE EARTH, INC. AND SUBSIDIARIES Consolidated Balance Sheets ASSETS March 31, March 31, December 31, December 31, 2015 2015 2014 2014 (restated) (original) (restated) (original) (unaudited) (unaudited) CURRENT ASSETS $ 13,126,280 $ 14,219,297 $ 11,362,284 $ 12,445,816 Total Current Assets 14,229,339 14,229,339 12,583,915 12,583,915 PROPERTY AND EQUIPMENT, net 63,881,481 64,038,057 56,815,626 56,982,778 ASSETS OF DISCONTINUED OPERATIONS 1,103,059 - 1,221,631 - OTHER ASSETS 31,522,768 31,971,848 32,744,205 33,310,767 Total Other Assets 31,522,768 31,522,768 32,744,205 32,744,205 TOTAL ASSETS $ 109,633,588 $ 110,229,202 $ 102,143,746 $ 102,739,361 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES $ 19,928,445 $ 17,429,348 $ 8,768,624 $ 6,264,617 LONG TERM LIABILITIES - 61,477 - 66,387 STOCKHOLDERS' EQUITY Preferred stock; 25,000,000 shares authorized at $0.001 par value, 400,000 and -0- shares issued and -0- and -0- shares outstanding, respectively 400 400 - - Common stock; 500,000,000 shares authorized at $0.001 par value, 93,404,858 and 94,258,713 shares issued and outstanding, respectively 93,405 93,405 94,259 94,259 Additional paid-in capital 190,797,290 190,797,290 188,159,932 188,159,932 Accumulated deficit (101,185,952) (98,152,718) (94,879,069) (91,845,834) Total Stockholders' Equity 89,705,143 92,738,377 93,375,122 96,408,357 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 109,633,588 $ 110,229,202 $ 102,143,746 $ 102,739,361 The following table presents a summarized comparison of the original consolidated balance sheets to the restated statements of Operations: BLUE EARTH, INC. AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited) For the Three Months Ended March 31, 2015 2015 2014 2014 (restated) (original) (restated) (original) REVENUES $ 3,752,014 $ 5,132,664 $ 1,879,168 $ 3,234,217 COST OF SALES 3,422,344 3,976,307 1,251,626 1,788,309 GROSS PROFIT 329,670 1,156,357 627,542 1,445,908 OPERATNG EXPENSES 6,157,959 7,637,595 5,973,728 6,908,959 LOSS FROM OPERATIONS (5,828,289) (6,481,238) (5,346,186) (5,463,051) OTHER INCOME (EXPENSE) 183,533 174,354 (217,832) (223,409) LOSS BEFORE INCOME TAXES (5,644,756) (6,306,884) (5,564,018) (5,686,460) INCOME TAX EXPENSE - - - - LOSS FROM CONTINUING OPERATIONS (5,644,756) (6,306,884) (5,564,018) (5,686,460) GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0 - - - - GAIN (LOSS) FROM DISCONTINUED OPERATIONS, net of income taxes of $0 (662,127) (122,442) - NET LOSS (6,306,883) (6,306,884) (5,686,460) (5,686,460) PREFERRED DIVIDENDS - - (392,888) (392,888) NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (6,306,883) $ (6,306,884) $ (6,079,348) $ (6,079,348) BASIC AND DILUTED LOSS PER SHARE $ (0.06) $ (0.07) $ (0.09) $ (0.09) Continuing Operations Discontinued Operations (0.01) - (0.00) - Net Loss Per Share $ (0.07) $ (0.07) $ (0.10) $ (0.10) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED 94,311,979 94,311,979 61,928,226 61,928,226

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Notes
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS On April 9, 2015, the Company issued 12,500 shares of its common stock for director fees. On April 20, 2015, the Company issued 168,700 shares of its common stock under a Mutual and General Release Agreement with the landlord of the former offices of Blue Earth Solar, Inc. On April 22, 2015 the Company issued 250,000 shares of its common stock for consulting services. In accordance with ASC 855-10, the Company’s management has reviewed all material events and there are no additional material subsequent events to report.

Significant Accounting Polici16

Significant Accounting Policies: Inventory, Policy (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Inventory, Policy	Inventory Inventory is recorded at the lower of cost or market (net realizable value) using the average cost method. The inventory on hand as of March 31, 2015 consists of battery and battery components, at costs of $521,858. The inventory is valued net of an allowance of $6,188 as of March 31, 2015. The Company does not have any work in progress.

Significant Accounting Polici17

Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Significant Accounting Polici18

Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has evaluated recent accounting pronouncements and their adoption has not had, nor is expected to have a material impact on the Company’s financial position, or statements.

Significant Events_ Convertible

Significant Events: Convertible Debt Table (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Convertible Debt Table	Balance at December 31, 2014 $ -- Borrowing of convertible note payable 10,000,000 Discount on convertible note payable (2,196,691) Amortization of discount 222,763 Balance at March 31, 2015 $ 8,026,072

Stock Purchase Warrants and O20

Stock Purchase Warrants and Options: Schedule of Stockholders' Equity Note, Warrants (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Stockholders' Equity Note, Warrants	Weighted Weighted Average Average Remaining Aggregate No. of Exercise Contractual Intrinsic Warrants Price Term Value Balance Outstanding, December 31, 2013 22,660,668 $ 1.90 6.52 $ 43,055,269 Granted 200,000 $ 0.00 10.00 Granted 100,000 $ 1.00 10.00 Granted 8,521,654 $ 6.00 3.00 Cancelled (3,600,000) $ (1.18) -- Forfeited (1,472,060) $ (1.90) -- Exercised (9,778,344) $ (1.60) -- Balance Outstanding, December 31, 2014 16,631,918 $ 3.80 5.29 $ 53,353,862 Granted 2,000,000 $ 1.00 5.00 Balance Outstanding, March 31, 2015 18,631,918 $ 3.26 4.66 $ 60,727,862 Exercisable, March 31, 2015 16,474,775 $ 3.41 4.19 $ 56,203,004

Stock Purchase Warrants and O21

Stock Purchase Warrants and Options: Schedule of Stockholders' Equity, Options (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Stockholders' Equity, Options	Weighted Weighted Average Average Remaining Aggregate No. of Exercise Contractual Intrinsic Options Price Term Value Balance Outstanding, December 31, 2013 1,011,290 $ 1.85 8.22 $ 1,851,695 Granted 1,500,000 $ 2.00 10 Granted 150,000 $ 3.00 10 Granted 120,000 $ 2.45 10 Granted 60,000 $ 2.27 10 Granted 105,000 $ 3.10 10 Granted 60,000 $ 2.45 10 Granted 100,000 $ 2.54 10 Granted 10,000 $ 1.29 10 Granted 52,720 $ 1.37 10 Granted 5,000 $ 0.75 10 Forfeited (492,119) $ 3.37 -- Exercised (85,024) $ 1.36 -- Balance Outstanding, December 31, 2014 2,596,867 $ 2.54 8.82 6,596,037 Granted 30,000 $ 1.20 10 Granted 100,000 $ 1.01 10 Granted 12,500 $ 1.21 10 Forfeited (53,513) $ 2.56 -- Balance Outstanding, March 31, 2015 2,685,854 $ 2.07 8.66 $ 5,562,931 Exercisable, March 31, 2015 1,377,944 $ 1.96 8.26 $ 2,606,233

Fair Value of Financial Instr22

Fair Value of Financial Instruments Disclosure: Fair Value, Assets Measured on Recurring and Nonrecurring Basis (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	Liabilities: Total Carrying Value at March 31, 2015 (Level 1) (Level 2) (Level 3) Natural gas futures $ 2,259,995 $ 2,259,995 $ - $ -

Fair Value of Financial Instr23

Fair Value of Financial Instruments Disclosure: Summary of Activity of Level 1 Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Summary of Activity of Level 1 Assets	Balance at December 31, 2013 -- Purchases of futures contracts 2,429,150 Change in fair value 2014 (2,884) Balance at December 31, 2014 $ 2,426,266 Purchases of futures contracts -- Change in fair value 2015 (166,271) Balance at March 31, 2015 $ 2,259,995

Property and Equipment Disclo24

Property and Equipment Disclosure: Schedule of Major Classes of Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Major Classes of Assets	March 31, 2015 December 31, 2014 Office and computer equipment $ 343,915 $ 327,023 Software 91,256 91,256 Manufacturing and installation equipment 455,150 442,450 Leasehold improvements 759,304 759,304 Cogeneration plants (under construction) 63,091,360 56,022,580 Sub Total 64,740,985 57,642,613 Accumulated Depreciation (859,504) (826,987) Net $ 63,881,481 $ 56,815,626

Operating Segments Disclosure_

Operating Segments Disclosure: Schedule of Segment Reporting Information, by Segment (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Segment Reporting Information, by Segment	Technology Construction Corporate Consolidated March 31, 2015 Revenues $ 53,853 $ 3,698,161 $ -- $ 3,752,014 Cost of sales 43,760 3,378,584 -- 3,422,334 Depreciation and amortization 347,587 472,079 261,913 1,081,579 General and administrative 662,887 1,504,472 2,909,020 5,076,380 Other income (expense) -- 7,537 175,996 183,533 (Loss) continued operations $ (1,000,381) $ (1,649,438) $ (2,994,937) $ (5,644,756) Total assets $ 2,278,206 $ 93,966,137 $ 13,984,245 $ 109,633,588 Technology Construction Corporate Consolidated March 31, 2014 Revenues $ 52,859 $ 1,826,309 $ -- $ 1,879,168 Cost of sales 50,218 1,201,408 -- 1,251,626 Depreciation and amortization 127,206 469,065 352,549 948,820 General and administrative 295,049 972,515 3,757,344 5,024,908 Other income (expense) (53,563) 61,309 (225,578) (217,832) (Loss) continued operations $ (473,177) $ (755,370) $ (4,335,471) $ (5,564,018) Total assets $ 1,033,867 $ 7,216,209 $ 79,942,616 $ 88,192,692

Restated Financial Statements26

Restated Financial Statements Disclosure: Restated Balance Sheets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Restated Balance Sheets	BLUE EARTH, INC. AND SUBSIDIARIES Consolidated Balance Sheets ASSETS March 31, March 31, December 31, December 31, 2015 2015 2014 2014 (restated) (original) (restated) (original) (unaudited) (unaudited) CURRENT ASSETS $ 13,126,280 $ 14,219,297 $ 11,362,284 $ 12,445,816 Total Current Assets 14,229,339 14,229,339 12,583,915 12,583,915 PROPERTY AND EQUIPMENT, net 63,881,481 64,038,057 56,815,626 56,982,778 ASSETS OF DISCONTINUED OPERATIONS 1,103,059 - 1,221,631 - OTHER ASSETS 31,522,768 31,971,848 32,744,205 33,310,767 Total Other Assets 31,522,768 31,522,768 32,744,205 32,744,205 TOTAL ASSETS $ 109,633,588 $ 110,229,202 $ 102,143,746 $ 102,739,361 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES $ 19,928,445 $ 17,429,348 $ 8,768,624 $ 6,264,617 LONG TERM LIABILITIES - 61,477 - 66,387 STOCKHOLDERS' EQUITY Preferred stock; 25,000,000 shares authorized at $0.001 par value, 400,000 and -0- shares issued and -0- and -0- shares outstanding, respectively 400 400 - - Common stock; 500,000,000 shares authorized at $0.001 par value, 93,404,858 and 94,258,713 shares issued and outstanding, respectively 93,405 93,405 94,259 94,259 Additional paid-in capital 190,797,290 190,797,290 188,159,932 188,159,932 Accumulated deficit (101,185,952) (98,152,718) (94,879,069) (91,845,834) Total Stockholders' Equity 89,705,143 92,738,377 93,375,122 96,408,357 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 109,633,588 $ 110,229,202 $ 102,143,746 $ 102,739,361

Restated Financial Statements27

Restated Financial Statements Disclosure: Restated Statements of Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Restated Statements of Operations	BLUE EARTH, INC. AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited) For the Three Months Ended March 31, 2015 2015 2014 2014 (restated) (original) (restated) (original) REVENUES $ 3,752,014 $ 5,132,664 $ 1,879,168 $ 3,234,217 COST OF SALES 3,422,344 3,976,307 1,251,626 1,788,309 GROSS PROFIT 329,670 1,156,357 627,542 1,445,908 OPERATNG EXPENSES 6,157,959 7,637,595 5,973,728 6,908,959 LOSS FROM OPERATIONS (5,828,289) (6,481,238) (5,346,186) (5,463,051) OTHER INCOME (EXPENSE) 183,533 174,354 (217,832) (223,409) LOSS BEFORE INCOME TAXES (5,644,756) (6,306,884) (5,564,018) (5,686,460) INCOME TAX EXPENSE - - - - LOSS FROM CONTINUING OPERATIONS (5,644,756) (6,306,884) (5,564,018) (5,686,460) GAIN ON DISPOSAL OF DISCONTINUED OPERATIONS, net of income taxes of $0 - - - - GAIN (LOSS) FROM DISCONTINUED OPERATIONS, net of income taxes of $0 (662,127) (122,442) - NET LOSS (6,306,883) (6,306,884) (5,686,460) (5,686,460) PREFERRED DIVIDENDS - - (392,888) (392,888) NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (6,306,883) $ (6,306,884) $ (6,079,348) $ (6,079,348) BASIC AND DILUTED LOSS PER SHARE $ (0.06) $ (0.07) $ (0.09) $ (0.09) Continuing Operations Discontinued Operations (0.01) - (0.00) - Net Loss Per Share $ (0.07) $ (0.07) $ (0.10) $ (0.10) WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED 94,311,979 94,311,979 61,928,226 61,928,226

Significant Accounting Polici28

Significant Accounting Policies: Inventory, Policy (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Details
Inventory on hand	$ 521,858	$ 352,862

Significant Events (Details)

Significant Events (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Debt forgiven by the Company	$ 50,000
Gain on settlement of litigation	$ 989,778
Common stock issued for services	73,887
Common stock received and cancelled	1,127,742
Line of credit payable	$ 3,000,000
Proceeds from line of credit	2,911,700
Related party notes payable	1,333,147	$ 1,333,147
Proceeds from notes payable	$ 9,953,068
Stock issued for debt	200,000
Value of stock issued for debt	$ 226,000
Warrants issued for debt	2,000,000
Value of the warrants issued	$ 1,321,600
Amortization of discount on debt	$ 222,763
Series D Preferred Stock issued	400,000
Line of credit fees
Prepaid expenses	$ 88,300
Convertible Note Payable legal fees
Prepaid expenses	$ 46,932

Significant Events_ Convertib30

Significant Events: Convertible Debt Table (Details)	Mar. 31, 2015USD ($)
Details
Convertible note payable	$ 8,026,072

Stock Purchase Warrants and O31

Stock Purchase Warrants and Options: Schedule of Stockholders' Equity Note, Warrants (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Warrants outstanding	18,631,918	16,631,918	22,660,668
Weighted average exercise price, warrants outstanding	$ 3.26	$ 3.80	$ 1.90
Aggregate intrinsic value, warrants outstanding	$ 60,727,862	$ 53,353,862	$ 43,055,269
Warrants cancelled		(3,600,000)
Weighted average exercise price, warrants cancelled		$ (1.18)
Warrants forfeited		(1,472,060)
Weighted average exercise price, warrants forfeited		$ (1.90)
Warrants exercised		(9,778,344)
Weighted average exercise price, warrants exercised		$ (1.60)
Warrants exercisable	16,474,775
Weighted average exercise price, warrants exercisable	$ 3.41
Aggregate intrinsic value, warrants exercisable	$ 56,203,004
Grant (1)
Warrants granted	2,000,000	200,000
Weighted average exercise price, warrants granted	$ 1
Grant (2)
Warrants granted		100,000
Weighted average exercise price, warrants granted		$ 1
Grant (3)
Warrants granted		8,521,654
Weighted average exercise price, warrants granted		$ 6

Stock Purchase Warrants and O32

Stock Purchase Warrants and Options: Schedule of Stockholders' Equity, Options (Details) - USD ($)	3 Months Ended	12 Months Ended	24 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Stock options outstanding	2,685,854	2,596,867	2,596,867	1,011,290
Weighted average exercise price, options outstanding	$ 2.07	$ 2.54	$ 2.54	$ 1.85
Aggregate intrinsic value, option outstanding	$ 5,562,931	$ 6,596,037	$ 6,596,037	$ 1,851,695
Stock options forfeited	(53,513)	(492,119)
Weighted average exercise price, options forfeited	$ 2.56	$ 3.37
Stock options exercised			(85,024)
Weighted average exercise price, options exercised		$ 1.36
Stock options exercisable	1,377,944
Weighted average exercise price, options exercisable	$ 1.96
Aggregate intrinsic value, options exercisable	$ 2,606,233
Grant (1)
Stock options granted	30,000	1,500,000
Weighted average exercise price, options granted	$ 1.20	$ 2
Grant (2)
Stock options granted	100,000	150,000
Weighted average exercise price, options granted	$ 1.01	$ 3
Grant (3)
Stock options granted	12,500	120,000
Weighted average exercise price, options granted	$ 1.21	$ 2.45
Grant (4)
Stock options granted		60,000
Weighted average exercise price, options granted		$ 2.27
Grant (5)
Stock options granted		105,000
Weighted average exercise price, options granted		$ 3.10
Grant (6)
Stock options granted		60,000
Weighted average exercise price, options granted		$ 2.45
Grant (7)
Stock options granted		100,000
Weighted average exercise price, options granted		$ 2.54
Grant (8)
Stock options granted		10,000
Weighted average exercise price, options granted		$ 1.29
Grant (9)
Stock options granted		52,720
Weighted average exercise price, options granted		$ 1.37
Grant (10)
Stock options granted		5,000
Weighted average exercise price, options granted		$ 0.75

Fair Value of Financial Instr33

Fair Value of Financial Instruments Disclosure: Summary of Activity of Level 1 Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Details
Fair Value, Level 1 Assets	$ 2,259,995	$ 2,426,266	$ 2,429,150
Change in fair value, assets	$ (166,271)	$ (2,884)

Property and Equipment Disclo34

Property and Equipment Disclosure: Schedule of Major Classes of Assets (Details) - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Property and Equipment, asset value	$ 64,740,985	$ 57,642,613
Accumulated depreciation on property and equipment assets	(859,504)	(826,987)
Property and equipment, asset value, Net	63,881,481	56,815,626
Computer Equipment
Property and Equipment, asset value	343,915	327,023
Software and Software Development Costs
Property and Equipment, asset value	91,256	91,256
Other Machinery and Equipment
Property and Equipment, asset value	455,150	442,450
Leasehold Improvements
Property and Equipment, asset value	759,304	759,304
Cogeneration plants
Property and Equipment, asset value	$ 63,091,360	$ 56,022,580

Property and Equipment Disclo35

Property and Equipment Disclosure (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Depreciation expense on property and equipment	$ 32,543	$ 27,622
Value of property and equipment serving as security against debt	$ 64,740,985

Commitments and Contingencies36

Commitments and Contingencies Disclosure (Details) - EquipmentPurchaseAgreementsMember	Mar. 31, 2015USD ($)
Commitment to pay	$ 19,629,081
Deposits made toward purchase	$ 8,079,699

Operating Segments Disclosure37

Operating Segments Disclosure: Schedule of Segment Reporting Information, by Segment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
REVENUES	$ 3,752,014	$ 1,879,168
Segment cost of sales	3,422,334	1,251,626
Segment Depreciation and Amortization	1,081,579	948,820
Segment General and Administrative Expense	5,076,380	5,024,908
Segment other income (expense)	183,533	(217,832)
Segment Net Income (loss)	(5,644,756)	(5,564,018)
TOTAL ASSETS	109,633,588	88,192,692	$ 102,143,746
Technology
REVENUES	53,853	52,859
Segment cost of sales	43,760	50,218
Segment Depreciation and Amortization	347,587	127,206
Segment General and Administrative Expense	662,887	295,049
Segment other income (expense)		(53,563)
Segment Net Income (loss)	(1,000,381)	(473,177)
TOTAL ASSETS	2,278,206	1,033,867
Construction
REVENUES	3,698,161	1,826,309
Segment cost of sales	3,378,584	1,201,408
Segment Depreciation and Amortization	472,079	469,065
Segment General and Administrative Expense	1,504,472	972,515
Segment other income (expense)	7,537	61,309
Segment Net Income (loss)	(1,649,438)	(755,370)
TOTAL ASSETS	93,966,137	7,216,209
Corporate Segment
Segment Depreciation and Amortization	261,913	352,549
Segment General and Administrative Expense	2,909,020	3,757,344
Segment other income (expense)	175,996	(225,578)
Segment Net Income (loss)	(2,994,937)	(4,335,471)
TOTAL ASSETS	$ 13,984,245	$ 79,942,616

Subsequent Events (Details)

Subsequent Events (Details) - shares	Apr. 22, 2015	Apr. 20, 2015	Apr. 09, 2015
Director fees
Shares issued			12,500
Mutual and General Release Agreement
Shares issued		168,700
Consulting services
Shares issued	250,000