Title   : next_hit
 Usage   : while( $hit = $result->next_hit()) { ... }
 Function: Returns the next available Hit object, representing potenti
+al
           matches between the query and various entities from the dat
+abase.
 Returns : a Bio::Search::Hit::HitI object or undef if there are no mo
+re.
 Args    : none
[download]

I'm not in the least familiar with the modules you're using, so I may not be much help...that said, I'd definitely confirm that the behavior of the module you're using. Something like

open(DBG, ">$some_log_file") or die;
while (my $hit = $result->next_hit) {
  next unless ($v > 0);
  #print OUT $result->query_name().",".$result->query_description().",
+".$hit->name().",";
  if(defined($hit)) {
    my $debug_qry = $result->query_name();
    my $debug_hit = $hit->name();
    print DBG "$debug_qry\t$debug_hit\t$hit\n";
    print OUT $result->query_name().",".$hit->name().",";
  } else {
    print OUT "\n";
  }

  while (my $hsp = $hit->next_hsp) {
    #print OUT $hsp->score().",".$hsp->expect()."\n";
    if(defined($hsp)) {
      my $debug_score = $hsp->score();
      my $debug_expect = $hsp->expect();
      my $debug_qry_desc = $result->query_description();
      print DBG "$debug_score\t$debug_expect\t$debug_qry_desc\t$hsp\n"
+;
      print OUT $hsp->score().",".$hsp->expect().",".$result->query_de
+scription()."\n";
    } else {
      print OUT "\n";
    }
  }
}
[download]

You could use Data::Dumper too, but that's probably overkill for what you need at this point. The point is that you need to verify whether you're getting a bad return from the method or whether you're handling a proper return badly.