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EXCEL - IDEA: XBRL DOCUMENT - ESP Resources, Inc.Financial_Report.xls
10-Q - 10-Q PERIOD ENDED SEPTEMBER 30, 2012 - ESP Resources, Inc.espi_10q.htm
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EX-32.2 - CERTIFICATION - ESP Resources, Inc.espi_ex322.htm
EX-31.1 - CERTIFICATION - ESP Resources, Inc.espi_ex311.htm
EX-31.2 - CERTIFICATION - ESP Resources, Inc.espi_ex312.htm
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v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,129,396) $ (2,750,300)
Adjustments to reconcile net loss to net cash used for operating activities:    
Amortization of debt discount 65,058 5,224
Gain on disposal of assets (18,415)   
Depreciation and amortization, net disposals 515,686 531,274
Bad debt expense 43,112   
Stock based compensation 1,149,925 1,726,334
Changes in operating assets and liabilities:    
Accounts receivable (708,054) (251,485)
Inventory (382,557) (932,924)
Prepaid expenses and other current assets 288,245 65,623
Other assets (52,075) 9,848
Accounts payable 1,339,589 639,172
Accrued expenses (14,715) 126,271
Accrued expenses to related parties (20,744) (25)
CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES 75,659 (830,988)
CASH FLOWS FROM INVESTING ACTIVITIES    
Restricted cash (5,108) (66,294)
Proceeds from the sale of vehicle 12,500   
Purchase of fixed assets (770,689) (769,983)
CASH USED IN INVESTING ACTIVITIES (763,297) (836,277)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowing on debt 130,000 233,799
Repayment of long term debt (291,950) (261,282)
Repayment of capital leases (104,045) (54,934)
Net factoring advances 204,105 667,264
Proceeds from sales of units in private placement, net 1,063,360 765,440
Proceeds from sale of stock 125,000 25,000
Collection on subscription receivable    25,000
REPAYMENT OF SHORT TERM DEBT (219,513)  
CASH PROVIDED BY FINANCING ACTIVITIES 906,957 1,400,287
NET INCREASE IN CASH 219,319 (266,978)
CASH AT BEGINNING OF PERIOD 126,456 531,290
CASH AT END OF PERIOD 345,775 264,312
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest and factoring cost 502,058 238,055
Non-cash investing and financing transactions:    
Notes issued for purchase of property and equipment 455,628 864,248
Assets returned and release of notes payable    59,463
Notes issued for settlement of accounts payable 350,000   
Debt discount on shares issued with convertible debt 71,291 44,250
Stock issued for accounts payable conversion 26,296 148,411
Purchase capital lease    205,236
Trade-in of equipment    44,676
Sale leaseback of equipment $ 304,879