10-Q Filing

BLUE BIOFUELS, INC. CIK: 1549145 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001145443-15-000691`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	amgh-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 74

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.97K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$180.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.18K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$371.48K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$470.61K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$11.26K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$687.84K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$552.30K	USD	Point-in-time
PROPERTY AND EQUIPMENT, AT COST, NET OF ACCUMULATED DEPRECIATION OF $21,658 AND $15,883 AT MARCH 31, 2015 AND DECEMBER 31, 2014, RESPECTIVELY	`PropertyPlantAndEquipmentNet`	$320.22K	USD	Point-in-time
PROPERTY AND EQUIPMENT, AT COST, NET OF ACCUMULATED DEPRECIATION OF $21,658 AND $15,883 AT MARCH 31, 2015 AND DECEMBER 31, 2014, RESPECTIVELY	`PropertyPlantAndEquipmentNet`	$140.39K	USD	Point-in-time
Security deposits	`SecurityDeposit`	$23.24K	USD	Point-in-time
Security deposits	`SecurityDeposit`	$7.28K	USD	Point-in-time
Investment in and advances to an unconsolidated affiliate	`OtherInvestments`	$7.52M	USD	Point-in-time
Investment in and advances to an unconsolidated affiliate	`OtherInvestments`	$7.50M	USD	Point-in-time
TOTAL OTHER ASSETS	`AssetsNoncurrent`	$7.55M	USD	Point-in-time
TOTAL OTHER ASSETS	`AssetsNoncurrent`	$7.50M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.33M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$182.29K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$210.11K	USD	Point-in-time
Payable relating to an acquisition - Related party	`DueToRelatedPartiesCurrent`	$2.03M	USD	Point-in-time
Payable relating to an acquisition - Related party	`DueToRelatedPartiesCurrent`	$2.03M	USD	Point-in-time
Short term note payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$71.00K	USD	Point-in-time
Short term note payable - Related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$71.00K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	$143.00K	USD	Point-in-time
Convertible debentures	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Interest payable - Related Party	`InterestPayableCurrent`	$5.49K	USD	Point-in-time
Interest payable - Related Party	`InterestPayableCurrent`	$6.36K	USD	Point-in-time
Interest payable - Other	`InterestPayableOther`	$1.42K	USD	Point-in-time
Interest payable - Other	`InterestPayableOther`	$6.67K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$733.76K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$36.15K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.03M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Long term note payable - Other	`OtherLongTermDebt`	$1.25M	USD	Point-in-time
Long term note payable - Other	`OtherLongTermDebt`	$1.25M	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LongTermDebt`	$1.25M	USD	Point-in-time
TOTAL LONG TERM LIABILITIES	`LongTermDebt`	$1.25M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.28M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.75M	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 10,000,000 shares authorized; zero shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 37,680,885 shares issued and outstanding at March 31, 2015 and 40,340,738 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$40.34K	USD	Point-in-time
Common stock; $0.001 par value; 100,000,000 shares authorized; 37,680,885 shares issued and outstanding at March 31, 2015 and 40,340,738 shares issued and outstanding at December 31, 2014	`CommonStockValue`	$37.68K	USD	Point-in-time
Stock Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$10.00K	USD	Point-in-time
Stock Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.20M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-175.97K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-138.76K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.06M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.66M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.33M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.42M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.02M	USD	1 Quarter
Loss from operations:	`OperatingIncomeLoss`	$-1.02M	USD	1 Quarter
Loss from operations:	`OperatingIncomeLoss`	$-1.22M	USD	1 Quarter
Equity loss in an unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-20.69K	USD	1 Quarter
Equity loss in an unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-39.59K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$875.00	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$875.00	USD	1 Quarter
Interest expense - Other	`InterestExpenseOther`	$14.10K	USD	1 Quarter
Interest expense - Other	`InterestExpenseOther`	$918.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-54.56K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-22.48K	USD	1 Quarter
Loss from continuing operations:	`IncomeLossFromContinuingOperations`	$-1.07M	USD	1 Quarter
Loss from continuing operations:	`IncomeLossFromContinuingOperations`	$-1.24M	USD	1 Quarter
Loss from operations	`DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod`	$42.03K	USD	1 Quarter
Loss from operations	`DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod`	$21.64K	USD	1 Quarter
Debt forgiveness	`DebtForgivenessDiscontinuedOperations`	-	USD	1 Quarter
Debt forgiveness	`DebtForgivenessDiscontinuedOperations`	$-700.00K	USD	1 Quarter
Gain on discontinued operations:	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-42.03K	USD	1 Quarter
Gain on discontinued operations:	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$678.36K	USD	1 Quarter
Net loss:	`NetIncomeLoss`	$-395.46K	USD	1 Quarter
Net loss:	`NetIncomeLoss`	$-1.29M	USD	1 Quarter
Net loss attributable to non-controlling interest:	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.93K	USD	1 Quarter
Net loss attributable to non-controlling interest:	`NetIncomeLossAttributableToNoncontrollingInterest`	$37.21K	USD	1 Quarter
Net loss attributable to Company:	`ProfitLoss`	$-358.25K	USD	1 Quarter
Net loss attributable to Company:	`ProfitLoss`	$-1.27M	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss per share:	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share:	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.68M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.66M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.07M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-1.24M	USD	1 Quarter
Net profit / (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$678.36K	USD	1 Quarter
Net profit / (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-42.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-395.46K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$-207.00	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.77K	USD	1 Quarter
Stock based compensation issued for services	`AllocatedShareBasedCompensationExpense`	$227.78K	USD	1 Quarter
Stock based compensation issued for services	`AllocatedShareBasedCompensationExpense`	$755.00K	USD	1 Quarter
Stock based compensation awarded under company plan	`ShareBasedCompensation`	$240.00K	USD	1 Quarter
Stock based compensation awarded under company plan	`ShareBasedCompensation`	-	USD	1 Quarter
Accrued interest on convertible debenture	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Accrued interest on convertible debenture	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-2.30K	USD	1 Quarter
Equity loss in an unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-20.69K	USD	1 Quarter
Equity loss in an unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-39.59K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-99.14K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$60.33K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.94K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.87K	USD	1 Quarter
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-427.59K	USD	1 Quarter
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-492.04K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	$13.65K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInDiscontinuedOperationAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Forgiveness of debt	`IncreaseDecreaseInDiscontinuedOperationForgivenessOfDebt`	$-700.00K	USD	1 Quarter
Forgiveness of debt	`IncreaseDecreaseInDiscontinuedOperationForgivenessOfDebt`	-	USD	1 Quarter
Net cash used in operating activities - discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-7.99K	USD	1 Quarter
Net cash used in operating activities - discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-27.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-519.34K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-435.58K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$185.61K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.00	USD	1 Quarter
Security deposit	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	1 Quarter
Security deposit	`PaymentsForDerivativeInstrumentInvestingActivities`	$15.96K	USD	1 Quarter
Advances to an unconsolidated affiliate	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$53.88K	USD	1 Quarter
Advances to an unconsolidated affiliate	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$63.98K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-265.56K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-53.93K	USD	1 Quarter
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-13.71K	USD	1 Quarter
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.64K	USD	1 Quarter
Net cash used in continuing investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.56K	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$533.00K	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$424.68K	USD	1 Quarter
Net proceeds from common stock to be issued	`ProceedsFromRelatedPartyDebt`	$1.20M	USD	1 Quarter
Net proceeds from common stock to be issued	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$143.00K	USD	1 Quarter
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.62M	USD	1 Quarter
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$676.00K	USD	1 Quarter
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$676.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.62M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.04M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.14K	USD	1 Quarter
Cash and cash equivalent at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash and cash equivalent at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$205.97K	USD	Point-in-time
Cash and cash equivalent at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$180.83K	USD	Point-in-time
Cash and cash equivalent at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.18K	USD	Point-in-time
Cash and cash equivalent at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash and cash equivalent at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$205.97K	USD	Point-in-time
Cash and cash equivalent at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$180.83K	USD	Point-in-time
Cash and cash equivalent at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.18K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	$14.97K	USD	1 Quarter
Taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Conversion of convertible debenture to common stock	`ConversionOfConvertibleDebentureToCommonStock`	$50.00K	USD	1 Quarter
Conversion of convertible debenture to common stock	`ConversionOfConvertibleDebentureToCommonStock`	-	USD	1 Quarter
Conversion of interest to common stock	`StockIssuedDuringPeriodValueIssuedForConversionOfInterest`	$7.86K	USD	1 Quarter
Conversion of interest to common stock	`StockIssuedDuringPeriodValueIssuedForConversionOfInterest`	-	USD	1 Quarter
Common stock rescinded for prepaid expense	`StockIssuedDuringPeriodValueIssuedForPrepaidExpense`	-	USD	1 Quarter
Common stock rescinded for prepaid expense	`StockIssuedDuringPeriodValueIssuedForPrepaidExpense`	$-1.50M	USD	1 Quarter

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