10-Q Filing

PACIFIC GREEN TECHNOLOGIES INC. CIK: 1553404 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001213900-13-004645`
Period End Date	20130630
Filing Date	20130819
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pgtk-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 49 Cash Flow Statement 80 Stockholders Equity 11

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$1.81K	USD	Point-in-time
Cash	`Cash`	$93.23K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$206.66K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$687.00	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$300.58K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.50K	USD	Point-in-time
Common stock, par value (in dollar)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.73M	shares	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	$31.59M	USD	Point-in-time
Intangible assets (Note 4)	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	12.47M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	5.73M	shares	Point-in-time
Total Assets	`Assets`	$300.58K	USD	Point-in-time
Total Assets	`Assets`	$31.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$264.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$329.55K	USD	Point-in-time
Loans payable (Note 5)	`LoansPayableCurrent`	$100.00K	USD	Point-in-time
Loans payable (Note 5)	`LoansPayableCurrent`	$760.72K	USD	Point-in-time
Current portion of note payable (Note 6)	`LongTermDebtCurrent`	$1.85M	USD	Point-in-time
Current portion of note payable (Note 6)	`LongTermDebtCurrent`	$968.66K	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$5.21M	USD	Point-in-time
Due to related parties (Note 7)	`DueToRelatedPartiesCurrent`	$1.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Note payable (Note 6)	`LongTermNotesPayable`	$2.61M	USD	Point-in-time
Note payable (Note 6)	`LongTermNotesPayable`	$1.86M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.01M	USD	Point-in-time
Nature of Operations and Continuance of Business (Note 1)	`NatureOfOperationsAndContinuanceOfBusiness`	-	USD	Point-in-time
Nature of Operations and Continuance of Business (Note 1)	`NatureOfOperationsAndContinuanceOfBusiness`	-	USD	Point-in-time
Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Subsequent Events (Note 12)	`SubsequentEvents`	-	USD	Point-in-time
Subsequent Events (Note 12)	`SubsequentEvents`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized, $0.001 par value Nil shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 12,467,169 and 5,727,404 shares issued and outstanding, respectively	`CommonStockValue`	$702.00	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value 12,467,169 and 5,727,404 shares issued and outstanding, respectively	`CommonStockValue`	$7.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$28.57M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.95K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$16.07K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$6.38M	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$7.01M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$21.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$31.19M	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$300.58K	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	9 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	9 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Consulting fees (Note 7)	`ConsultancyFees`	$305.83K	USD	1 Quarter
Consulting fees (Note 7)	`ConsultancyFees`	$2.04M	USD	9 Qtrs
Consulting fees (Note 7)	`ConsultancyFees`	$88.55K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-100.50K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	$-96.64K	USD	9 Qtrs
Foreign exchange gain	`ForeignCurrencyTransactionLossBeforeTax`	-	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$5.83K	USD	1 Quarter
Office and miscellaneous	`OfficeAndMiscellaneous`	$36.98K	USD	9 Qtrs
Office and miscellaneous	`OfficeAndMiscellaneous`	$10.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$95.93K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$308.59K	USD	9 Qtrs
Professional fees	`ProfessionalFees`	$15.70K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.03K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$68.17K	USD	9 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$47.89K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	-	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$8.80K	USD	1 Quarter
Transfer agent and filing fees	`OtherFinancialServicesCosts`	$18.68K	USD	9 Qtrs
Travel	`TravelAndEntertainmentExpense`	-	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$21.32K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$54.87K	USD	9 Qtrs
Total operating expenses	`OperatingExpenses`	$447.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.53M	USD	9 Qtrs
Total operating expenses	`OperatingExpenses`	$157.97K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-157.97K	USD	1 Quarter
Loss before other expense	`OperatingIncomeLoss`	$-2.53M	USD	9 Qtrs
Loss before other expense	`OperatingIncomeLoss`	$-447.44K	USD	1 Quarter
Interest expense (Note 7)	`InterestExpense`	$183.47K	USD	1 Quarter
Interest expense (Note 7)	`InterestExpense`	$1.42K	USD	1 Quarter
Interest expense (Note 7)	`InterestExpense`	$708.27K	USD	9 Qtrs
Net loss for the period	`NetIncomeLoss`	$-3.24M	USD	9 Qtrs
Net loss for the period	`NetIncomeLoss`	$-630.91K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-159.39K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-16.07K	USD	9 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-5.12K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$247.00	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$3.22M	USD	9 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-159.63K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-625.78K	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.80M	shares	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-3.24M	USD	9 Qtrs
Net loss for the period	`NetIncomeLoss`	$-630.91K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-159.39K	USD	1 Quarter
Accretion of discount on note payable	`AccretionExpense`	-	USD	1 Quarter
Accretion of discount on note payable	`AccretionExpense`	$581.97K	USD	9 Qtrs
Accretion of discount on note payable	`AccretionExpense`	$134.74K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	9 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$97.96K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Imputed interest	`ImputedInterest`	$1.42K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$108.80K	USD	9 Qtrs
Imputed interest	`ImputedInterest`	$46.24K	USD	1 Quarter
Imputed interest	`ImputedInterest`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$911.44K	USD	9 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	9 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-206.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-150.00	USD	9 Qtrs
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	-	USD	1 Quarter
VAT receivable	`IncreaseDecreaseInValueAddedTaxReceivable`	$-12.88K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$687.00	USD	9 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-171.69K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$46.41K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.61K	USD	9 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$189.42K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$127.75K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$834.63K	USD	9 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.32K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-127.58K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-735.61K	USD	9 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$17.69K	USD	9 Qtrs
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired on acquisition of subsidiary	`CashAcquiredFromAcquisition`	$16.26K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$16.26K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$17.69K	USD	9 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$14.79K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$114.79K	USD	9 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	$2.00	USD	1 Quarter
Proceeds from sale of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	9 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$600.00K	USD	9 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$714.79K	USD	9 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$14.79K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.95K	USD	9 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.00	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.12K	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.81K	USD	9 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.35K	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-91.41K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.35K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.81K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$93.23K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.35K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Debt settled with the acquisition of intangible assets	`DebtSettledWithTheAcquisitionOfIntangibleAssets`	$330.88K	USD	1 Quarter
Debt settled with the acquisition of intangible assets	`DebtSettledWithTheAcquisitionOfIntangibleAssets`	$330.88K	USD	9 Qtrs
Debt settled with the acquisition of intangible assets	`DebtSettledWithTheAcquisitionOfIntangibleAssets`	-	USD	1 Quarter
Shares issued for acquisition of intangible asset	`StockIssued1`	-	USD	1 Quarter
Shares issued for acquisition of intangible asset	`StockIssued1`	$12.96M	USD	9 Qtrs
Shares issued for acquisition of intangible asset	`StockIssued1`	$12.96M	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	9 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	9 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$21.58M	USD	Point-in-time
Shares issued to acquire Pacific Green Energy Parks Limited	`StockIssuedDuringPeriodValueAcquisitions`	$14.00M	USD	1 Quarter
Shares issued to acquire intangible asset	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$12.96M	USD	1 Quarter
Imputed interest on amounts due to related parties	`AdditionalPaidInCapitalImputedInterest`	$46.24K	USD	1 Quarter
Foreign exchange translation gain	`AdditionalPaidinCapitalForeignExchangeTranslationGain`	$5.12K	USD	1 Quarter
Net Loss for the Period	`NetIncomeLoss`	$-3.24M	USD	9 Qtrs
Net Loss for the Period	`NetIncomeLoss`	$-630.91K	USD	1 Quarter
Net Loss for the Period	`NetIncomeLoss`	$-159.39K	USD	1 Quarter
Balance	`StockholdersEquity`	$-4.80M	USD	Point-in-time
Balance	`StockholdersEquity`	$21.58M	USD	Point-in-time

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