10-K Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001213900-13-003347`
Period End Date	20130331
Filing Date	20130701
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	pgtk-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 60 Cash Flow Statement 66 Stockholders Equity 16

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.73M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.35K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.73M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$206.66K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollar)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	-	USD	Point-in-time
VAT receivable	`ValueAddedTaxReceivableCurrent`	$12.90K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Assets	`Assets`	$300.58K	USD	Point-in-time
Total Assets	`Assets`	$16.25K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$264.01K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$46.49K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$127.97K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.14M	USD	Point-in-time
Promissory notes - current	`NotesPayableCurrent`	-	USD	Point-in-time
Promissory notes - current	`NotesPayableCurrent`	$1.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$174.46K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Promissory notes	`LongTermNotesPayable`	-	USD	Point-in-time
Promissory notes	`LongTermNotesPayable`	$2.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$174.46K	USD	Point-in-time
Authorized: 500,000,000 common shares with par value of $0.001,10,000,000 preferred stock with par value of $0.001 Issued: Nil preferred stock (2012- Nil preferred stock), 5,727,404 common stock (2012- 5,000,000 common stock)	`CommonStockValue`	$2.00	USD	Point-in-time
Authorized: 500,000,000 common shares with par value of $0.001,10,000,000 preferred stock with par value of $0.001 Issued: Nil preferred stock (2012- Nil preferred stock), 5,727,404 common stock (2012- 5,000,000 common stock)	`CommonStockValue`	$702.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.95K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-247.00	USD	Point-in-time
Accumulated deficit during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$6.38M	USD	Point-in-time
Accumulated deficit during development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$159.39K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-158.21K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.25K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$300.58K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Stock based compensation	`ShareBasedCompensation`	$796.43K	USD	8 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$796.43K	USD	Annual
Consultancy fees	`ConsultancyFees`	$715.24K	USD	Annual
Consultancy fees	`ConsultancyFees`	$88.55K	USD	Annual
Consultancy fees	`ConsultancyFees`	$803.79K	USD	8 Qtrs
Interest expenses	`InterestExpense`	$1.42K	USD	Annual
Interest expenses	`InterestExpense`	$463.66K	USD	8 Qtrs
Interest expenses	`InterestExpense`	$462.24K	USD	Annual
Professional fees	`ProfessionalFees`	$15.70K	USD	Annual
Professional fees	`ProfessionalFees`	$196.96K	USD	Annual
Professional fees	`ProfessionalFees`	$212.66K	USD	8 Qtrs
Corporate finance costs	`CorporateFinanceCosts`	$137.04K	USD	Annual
Corporate finance costs	`CorporateFinanceCosts`	-	USD	Annual
Corporate finance costs	`CorporateFinanceCosts`	$137.04K	USD	8 Qtrs
Imputed interest	`ImputedInterest`	$60.99K	USD	8 Qtrs
Imputed interest	`ImputedInterest`	-	USD	Annual
Imputed interest	`ImputedInterest`	$60.99K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$33.55K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$33.55K	USD	8 Qtrs
Travel	`TravelAndEntertainmentExpense`	-	USD	Annual
Development and research expenses	`ResearchAndDevelopmentExpense`	$60.14K	USD	8 Qtrs
Development and research expenses	`ResearchAndDevelopmentExpense`	$12.25K	USD	Annual
Development and research expenses	`ResearchAndDevelopmentExpense`	$47.89K	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	-	USD	Annual
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$9.88K	USD	8 Qtrs
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$9.88K	USD	Annual
Advertising	`AdvertisingExpense`	$9.15K	USD	Annual
Advertising	`AdvertisingExpense`	-	USD	Annual
Advertising	`AdvertisingExpense`	$9.15K	USD	8 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$6.94K	USD	Annual
Office expenses	`OtherGeneralAndAdministrativeExpense`	$12.77K	USD	8 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$5.83K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionLossBeforeTax`	$4.01K	USD	8 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionLossBeforeTax`	$4.01K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionLossBeforeTax`	-	USD	Annual
Meals and entertainment	`MarketingExpense`	$2.88K	USD	Annual
Meals and entertainment	`MarketingExpense`	-	USD	Annual
Meals and entertainment	`MarketingExpense`	$2.88K	USD	8 Qtrs
Bank charges	`FinancingInterestExpense`	$2.10K	USD	Annual
Bank charges	`FinancingInterestExpense`	-	USD	Annual
Bank charges	`FinancingInterestExpense`	$2.10K	USD	8 Qtrs
Total operating expenses	`OperatingExpenses`	$159.39K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.45M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.61M	USD	8 Qtrs
Net loss for the Period	`NetIncomeLoss`	$2.61M	USD	8 Qtrs
Net loss for the Period	`NetIncomeLoss`	$2.45M	USD	Annual
Net loss for the Period	`NetIncomeLoss`	$159.39K	USD	Annual
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$11.20K	USD	Annual
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$10.95K	USD	8 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-247.00	USD	Annual
Net comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$2.44M	USD	Annual
Net comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$159.63K	USD	Annual
Net comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$2.60M	USD	8 Qtrs
Net loss per stock - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	8 Qtrs
Net loss per stock - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	Annual
Net loss per stock - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average number of common stock basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.37M	shares	Annual
Weighted average number of common stock basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-	shares	8 Qtrs
Weighted average number of common stock basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Loss for the Period	`NetIncomeLoss`	$2.61M	USD	8 Qtrs
Net Loss for the Period	`NetIncomeLoss`	$2.45M	USD	Annual
Net Loss for the Period	`NetIncomeLoss`	$159.39K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$796.43K	USD	8 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$796.43K	USD	Annual
Imputed interest	`PaidInKindInterest`	$447.31K	USD	Annual
Imputed interest	`PaidInKindInterest`	$1.42K	USD	Annual
Imputed interest	`PaidInKindInterest`	$448.73K	USD	8 Qtrs
Consulting services	`ConsultingServices`	-	USD	Annual
Consulting services	`ConsultingServices`	$115.01K	USD	Annual
Consulting services	`ConsultingServices`	$115.01K	USD	8 Qtrs
Imputed interest	`ImputedInterest`	$60.99K	USD	8 Qtrs
Imputed interest	`ImputedInterest`	-	USD	Annual
Imputed interest	`ImputedInterest`	$60.99K	USD	Annual
Net Change in Non-cash Working Capital	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	8 Qtrs
Net Change in Non-cash Working Capital	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-157.97K	USD	Annual
Net Change in Non-cash Working Capital	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.03M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$687.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$687.00	USD	8 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$142.00K	USD	8 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$46.41K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$95.58K	USD	Annual
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$12.73K	USD	Annual
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-150.00	USD	8 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-12.88K	USD	Annual
Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	8 Qtrs
Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$-922.30K	USD	Annual
Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$-124.43K	USD	Annual
Stocks issued for cash	`ProceedsFromIssuanceOfCommonStock`	$600.00K	USD	Annual
Stocks issued for cash	`ProceedsFromIssuanceOfCommonStock`	$600.00K	USD	8 Qtrs
Stocks issued for cash	`ProceedsFromIssuanceOfCommonStock`	$2.00	USD	Annual
Issuance of promissory note	`ProceedsFromNotesPayable`	$100.00K	USD	Annual
Issuance of promissory note	`ProceedsFromNotesPayable`	-	USD	Annual
Issuance of promissory note	`ProceedsFromNotesPayable`	$100.00K	USD	8 Qtrs
Due to related parties	`ProceedsFromRelatedPartyDebt`	$127.75K	USD	Annual
Due to related parties	`ProceedsFromRelatedPartyDebt`	$438.55K	USD	8 Qtrs
Due to related parties	`ProceedsFromRelatedPartyDebt`	$310.80K	USD	Annual
Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$127.75K	USD	Annual
Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$1.14M	USD	8 Qtrs
Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$1.07M	USD	Annual
Cash acquired on acquisition of Subsidiary	`CashAcquiredFromAcquisition`	-	USD	Annual
Cash acquired on acquisition of Subsidiary	`CashAcquiredFromAcquisition`	$1.43K	USD	8 Qtrs
Cash acquired on acquisition of Subsidiary	`CashAcquiredFromAcquisition`	$1.43K	USD	Annual
Investing activities, Total	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Investing activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$1.43K	USD	8 Qtrs
Investing activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$1.43K	USD	Annual
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.32K	USD	Annual
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$93.25K	USD	8 Qtrs
Net Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.93K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.00	USD	8 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-46.00	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.00	USD	Annual
Cash position - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash position - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash position - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.35K	USD	Point-in-time
Cash Position - End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash Position - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash Position - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.35K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	8 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	8 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-158.21K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Recapitalization of PGT Inc.	`RecapitalizationOfCapital`	$-3.78M	USD	Annual
Stock issuances, net	`StockIssuedDuringPeriodValueNewIssues`	$2.00	USD	Annual
Stock issuances, net	`StockIssuedDuringPeriodValueNewIssues`	$600.00K	USD	Annual
Conversion of promissory note (Note 7b)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$599.57K	USD	Annual
Imputed interest	`AdditionalPaidInCapitalImputedInterest`	$1.42K	USD	Annual
Imputed interest on related party loans	`AdjustmentsToAdditionalPaidInCapitalOther`	$61.15K	USD	Annual
Stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$311.88K	USD	Annual
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$2.44M	USD	Annual
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$159.63K	USD	Annual
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$2.60M	USD	8 Qtrs
Balance	`StockholdersEquity`	$-158.21K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time

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